A downtrend is confirmed after [xxxxx] below the low of a consolidation.
Understand the Problem
The question presents a fill-in-the-blank statement regarding trading terminology, specifically related to confirming a downtrend after a particular event below the low of a consolidation. It asks for the correct term to complete the statement.
Answer
A candle close.
The final answer is a candle close.
Answer for screen readers
The final answer is a candle close.
More Information
In technical analysis, a candle closing below a consolidation low supports confirmation of a downtrend as it indicates sustained selling pressure.
Tips
A common mistake is to confuse a false breakout with a confirmed trend. A candle close provides more reliable confirmation.
Sources
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