Observing double red candles on the chart of $NOT suggests a possible bullish reversal pattern. In technical analysis, such a pattern could indicate that selling pressure is beginning to ease and that a change in market sentiment could be on the horizon. If followed by a green candle, especially one with significant volume, it could confirm the reversal and signal an upward move.
a simplified explanation of the pattern for those who don't know much about the subject:
Double Red Candles: They represent the continuation of the downtrend, with sellers pushing the price down.
Possible Bullish Reversal: The presence of these candles in a downtrend could indicate exhaustion among sellers.
Next Green Candle: A subsequent green candle that closes above the red ones could serve as confirmation that buyers are gaining control.
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