This Quotex Sureshot Pattern is Gap up and Gap down strategy, how market gap up or gap down in several ways and how you can place trade.
What is Gap Up and Gap Down ?
First, let’s understand that Quotex Sureshot Pattern gap ups and gap downs arise from two things: opening and closing prices. What are the opening and closing positions or prices? Traders will know that a bullish candle in the market, a buyer’s candle, opens from the bottom upwards in this way, meaning it opens at the bottom and closes at the top. So, the rule says that wherever the market closes, the closing depends on the time frame. If you have a 1-minute candle, then the close will be here in 1 minute. If it is a 2-minute candle, then the close will be somewhere else, not a little higher. It’s a 3-minute period, and the closing depends on the timeframe. The rule is that the next candle should open from the same point where it closes. If it’s going to go up, it should open from end of previous candle, and if it’s going to go down, it should open from end of previous candle. Similarly, sometimes the market does what it does to move up. Instead of opening from end of previous candle, it opens slightly higher. Thus, the market creates a gap here. This is our gap. now if gap is in the upward direction, we call it A gap up. And if the gap is in the downward direction, meaning a little lower. So, if it’s in the downward direction, we call it a gap down.
Types of Gaps in Market (Quotex Sureshot Pattern)
Quotex Sureshot Pattern, Gap up and gap down form two ways in the market. Where does it form in two ways? One is within the trend, and the other is above the level. Level means support/resistance (SAR), and trend means an uptrend or a downtrend. Don’t look at sideways at all. You can’t consider sideways a trend. First, we have to work differently in sideways. And even if there is gap up, or gap down, a different concept applies. And understand this way: you don’t have to trade sideways on gap ups or gap downs. When should you always do it? When it’s either level or in a trend.
Gap Up
First case : Gap up in Bullish trend
Suppose an up trend is underway. A beautiful up trend. When a candle appears with gaps up. As soon as it gaps up, you have to place a trade for continue trend direction. next candle of the gap up. close your eyes and place a trade for an up. then after the next candle’s gap-up, you always have to trade for a reversal. Why should you trade for a reversal? Because when the market is in a trend, it tries to pull back immediately on any gap-up or gap-down that occurs. Fill it immediately. It tries to go up. Until and unless, that gap is very big. If the gap becomes very big, then a pattern is formed here which we call a bullish kicker pattern. What happens in that case is that the gap is very big and the market opens by creating that big gap. So that case will be different. But if the gap is small, a small gap, then you can create it like this. Here you can easily continue doing it like this. This is your gap up condition.
Second case : Gap up in bearish trend
If you look gap up at it in a down trend, What will a gap up do in a down trend? Instead of opening from above, it will open slightly above. As soon as it opens from here, the next candle will continue its trend. In a downtrend, instead of a reversal, a continuation candle is preferred. you’ll always see a continuation candle. that when there’s a gap up, if it’s in an uptrend, there’s always a reversal candle. After that, there’s a continuation candle. And when there’s a gap down, there’s always a continuation candle in a downtrend.
Gap Down
First case : Gap down in Bullish trend (Quotex Sureshot Pattern)
if you see gap down in up trend market its means the market will continue and you have to place trade for up direction. Quotex Sureshot Pattern
Second case : Gap down in bearish trend
When you see gap down in bearish trending market so you have to place same direction trade for downward direction. And after gap down candle you have to trade for a reversal like gap p in bullish trend.
So, this is your entire case of gap up and gap down. Now, you might be hearing this for the first time. It might seem complicated to you. I can understand. When I heard it, when I studied it, I had some difficulty taking trades. I couldn’t remember it so quickly. But I’ve tried and practice this strategy. Quotex Sureshot Pattern
Martingale on Gap Up and Gap Down
“How much can you take a Martingale?” You should only take a Martingale on gap up or gap down. Only when the market is gap up or gap down at a level. Please avoid taking it during a trend. If you take a Martingale during a trend, you will incur a loss, whether it’s a gap down or a gap up. Please, no MTG here. You can use it at a level. Why? Because if the market makes an error at a level, it’s possible that if the level is strong, you might see a reversal candle from there. Continuation candles may appear. But if the trend is very strong, then most people will try to continue the market trend. They will not give any reversal, and reversal candles are very important in gap up and gap down. So when should we always trade MTG? Either at the gap up level or at the gap down level. If the gap up is within the trend or if the gap down is within the trend, then we will not trade MTG i.e. Martingale in it. We will avoid it.
I am not your financial advisor and not responsible for any losses or profit, its advice that always practice on demo account when you understand how this strategies work then go for real account. But, like always, to be a little cautious with OTC. In OTC, you may have to go a step or two further into MTG, all because of the market’s algorithm. However, in the real market, if there’s a gap up or gap down, it usually doesn’t happen quickly. However, if there is, you’ll make excellent trades. So first, focus on the real market. The more time you devote to the real market charts, the more capable you’ll be at taking trades on OTC. So, please give the real market time first, then move on to OTC. Quotex Sureshot Pattern
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