Strategy To Trading Gaps on IQ Option
When trading candlestick charts on iq option , you will occasionally notice a space that occurs between two candles. That is, the open, close, high and low of the candles do not overlap each other. This space is aptly called a gap. Contents [show] Overview of the gap This is simply a blank space that appears between two candles on the chart. It represents a sudden price change during periods where no apparent trading takes place. Normally, this occurs between one day’s close and the other day’s open. However, it can also occur during the day. For example, after a significant news release where prices suddenly change. There are two types of gaps. The up gap develops when the low price at the close of the session is higher than high price of the previous session. The down gap on the other hand develops when the high price at the close of the session is lower than the low price of the previous session. How to trade using gaps on IQ Option Using gaps as support/resistanc