EXPLAINED: Runaway Gap
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...
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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)
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