Strategy # 01 HOW TO TRADE DARK CLOUD COVER (Sureshot Pattern Trick Quotex)
We found dark cloud cover after a Pre Long Up-trend, then wait fr the retracement from the key level and then you have to place a Put/ Down trade for your desired time frame or 1 Min time frame.
If candle broke any key level and having no sign of rejection then its better to avoid that type of trade. Wait for the second time it must comes to touch the key level and retracement from this key level, then you have proper opportunity to place a Put/ downward direction trade.
What is Dark Cloud Cover Candlestick Pattern?
Lets take a example for 1 day time frame map, the dark pall cover pattern includes a large black candle forming a dark pall over the former day’s candle. The buyers push the prices higher at the open but also the merchandisers take over latterly in the session and push the prices down. This shift from buying to dealing signals that the price reversal to the strike could be forthcoming. A dealer should consider the dark pall cover pattern useful only when it occurs at the end of an uptrend. Now as the prices rise, the pattern becomes more important for the reversal to the strike.
The market trend is full of waves, and the market candle pattern is inconsequential as the price remains full of waves after this pattern. Now let’s understand the psychology behind this pattern. As the current trend is over, the prices keep making advanced highs.
On the first day of this pattern conformation, as per the prospects, the prices move higher forming a good bullish candle. On the coming day, the prices open above the previous day’s ending price. This also signifies that bulls are still in action and the prices are trading up. But there’s unforeseen selling interest from the bears which moves the prices down. still, the bears keep selling and at the day’s end, the price closes below the opening price.
This indicates that the bears are back in the request. The real body of candle 2 should cover the real body of first candle at least by 50. Now talking about the evidence, the evidence of the reversal signal is given by the bearish candle. On the break of first candle’s low, a short trade can be initiated.
Stop loss can be placed at the high of the day- to- day candlestick. still, as mentioned before, A dealer must keep in mind other specialized parameters to initiate the trade.
Strategy # 2 Avoid Market (Sureshot Pattern Trick Quotex)
Doji Making/ avoid market
Caution, don’t trade on when doji candle is appear or market making doji candle again and again.
The market one sided trend strength is not good. Basically doji means that the market has not taken any decision yet to follow up or down trend.
Morning and Evening Star
A Morning star develops in a downcast direction and marks the morning of an ascent. It indicates a change in the previous price trend.
Bullish candle pattern that makes over day is Morning Star, pattern that reverses in a downtrend. Three successive candlesticks are combined to produce the pattern. At the bottom of a downcast trend, the Morning Star can be seen. Up warding market indicates the 3rd candle that validates the market reversal. Evening star pattern is opposite to the morning star pattern and it show’s the market revels from an up to downturn market.
Let’s look at some Exemplifications
So this is the map of M & M and as we can see that the price has created what we call as a morning star pattern on the diurnal map. Now let us see the outgrowth after this candlestick pattern was formed on the map. Then in the illustration we can easily see candlestick pattern Morning Star. The price considerably rallied to the downside in a veritably veritably strong manner. When combined with some areas of interest like support, resistance, demand and force these tend to be giving you veritably veritably favourable trades.
This pattern is created at the top of the price move indicating that there can be a significant reversal in price. Then you can see where the arrow is pronounced and evening star candlestick pattern is formed. What we can anticipate post this candlestick pattern is the price to significantly start a reversal to strike.
Now as we look at after how the price has moved one can see that after this evening star pattern was created the price gave a significant fall to the strike. Again these patterns aren’t to be just traded grounded on the pattern themselves but if combined with specialized analysis or pointers or demand force, support and resistance, these tend to give favorable results. Sureshot Pattern Trick Quotex
Strategy # 3 Trade (Sureshot Pattern Trick Quotex)
Tips how to trade on Morning and Evening Star
I am attaching several images you will understand how and when to place trade
Strategy Morning star
Now wait for a retracement candle, its our conformation for trade placing
After conformation place a trade for Call/ Upward direction for 1 Min time frame Place Trade. Sureshot Pattern Trick Quotex
Strategy Evening star (Sureshot Pattern Trick Quotex)
Now wait for a retracement/ Evening star candle, its our conformation for trade placing
After conformation place a trade for Put/ Downward direction for 1 Min time frame.
Always Follow Money Management So you can end day with profit. Visit more 4 Top sureshot Quotex Strategy page.