Does the count of total number of the candles ( red & green individually) makes any sense?
1 Answer
<p>Yes, counting the number of red and green candles on a candlestick chart can be useful, particularly when analyzing candlestick patterns and identifying potential trend reversals or continuations. A sequence of green candles (bullish) suggests a potential uptrend, while a sequence of red candles (bearish) suggests a potential downtrend. Analyzing the number and length of these candles, along with other factors, can help traders and investors make more informed decisions. <br></p>
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