LESSON OF THE DAY
Runaway Gap
A Runaway Gap is a continuation move where the price gaps in the middle of a trend e..g Up or Down.
The gap is a void (where no prices overlap between two candles)
And then the price follows the previous trend.
I like to think of a Runaway Gap as a horse that goes from trotting to galloping.
The trend then starts to accelerate and continue in the direction.
Specifics for this example:
· Previous price moves in a downtrend.
· Price then gaps.
· Price then follows the continuous downtrend.
Please react so I know to provide more daily lessons...
Runaway Gap
A Runaway Gap is a continuation move where the price gaps in the middle of a trend e..g Up or Down.
The gap is a void (where no prices overlap between two candles)
And then the price follows the previous trend.
I like to think of a Runaway Gap as a horse that goes from trotting to galloping.
The trend then starts to accelerate and continue in the direction.
Specifics for this example:
· Previous price moves in a downtrend.
· Price then gaps.
· Price then follows the continuous downtrend.
Please react so I know to provide more daily lessons...
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.