A downtrend is confirmed after [xxxxxx] below the low of a consolidation.
Understand the Problem
The question is asking to fill in the blank regarding when a downtrend is confirmed in trading, specifically referencing a condition below the low of a consolidation. The user needs to identify which of the given options fits that context.
Answer
a candle close
A downtrend is confirmed after 'a candle close' below the low of a consolidation.
Answer for screen readers
A downtrend is confirmed after 'a candle close' below the low of a consolidation.
More Information
In trading, the confirmation of a downtrend often requires the price closing below a key level, such as the low of a consolidation phase.
Tips
A common mistake is assuming a downtrend based on intraday movements rather than waiting for a confirmation by the daily candle close.
Sources
AI-generated content may contain errors. Please verify critical information
