$FIL daily candles have fallen for 5 consecutive days, down a cumulative 18.94% over that period, and down 0.45% so far today.
Let’s use this data to talk about consecutive bullish and bearish candles.
Consecutive bullish or bearish candles only count the direction of each candle in a run, not the size of its body: several small bullish candles and several large bullish candles carry completely different weight.
After a run of candles of the same color, prices have often moved far from the short-term moving averages, and a pullback toward the averages is common.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are running high.
Let’s use this data to talk about consecutive bullish and bearish candles.
Consecutive bullish or bearish candles only count the direction of each candle in a run, not the size of its body: several small bullish candles and several large bullish candles carry completely different weight.
After a run of candles of the same color, prices have often moved far from the short-term moving averages, and a pullback toward the averages is common.
Understanding indicators is easy; the hard part is sticking to the rules when emotions are running high.
