Today I will share 4 Top Sureshot Pattern in Quotex, see how to trade on Engulfing pattern, Piercing line pattern,support and resistance levels and Hammer Pattern with help of images.
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Just focus and understand images in (4 Top Sureshot Pattern in Quotex) article you will be able to trade on these patterns. support and resistance levels, market patterns, repeated market trends with pictures that clear how to trade and easily you can understand market psychology to achieve daily profit in quotex.
Remember you have to wait and give time for analysis the market then you will take profit on every single trade from market. If you are new in Binary trading please visit first. lets continue our topic 4 Top Sureshot Pattern in Quotex
Engulfing Pattern
Key Concept of Engulfing Pattern
• Don’t take the trade immediately after engulfing pattern created
• Wait for the retracement candle Engulfing Pattern
• If it touches & rejects from the key level with weak bullish & bearish form
• If the level broken – don’t take trade
Bullish & Bearish Engulfing pattern
When next big candle covers previous small candle body and wick this is called Engulfing Pattern.
Strategy #1 (4 Top Sureshot Pattern in Quotex)
Bullish Engulf
Watch image closely you will understand when or how to place trade on this pattern.
SNR Level is draw a lines on main support and resistance levels and wait for Engulfing Pattern candles.
Bullish Engulf on Down Trend
Now wait for retracement candle in Engulfing Pattern
Its time to place trade at this step or candle, in resulting 100% Sureshot
Bearish Engulfing Pattern
SNR Level is draw a lines on main support and resistance levels and wait for Engulfing Pattern candles
Bearish Engulfing pattern on Up Trend
Wait for retracement candle
Its perfect time to take entry in market, place trade on next candle
Piercing Line
Lets discuss how to Trade on Piercing Line in (4 Top Sureshot Pattern in Quotex)
A breakout candlestick pattern is a bullish candle pattern that forms after an extended downtrend. It can be used as an valuable tool/ indicator to predict the returning of an bullish trend as it shows the market’s indecision at support levels, which then reverses when the bulls defeat the bears, driving prices higher again.
Key Points
• After a pre-long downtrend found piercing line pattern
• Then wait for the retracement from the key level – and place a call trade
• If candle broke key level & no sign of rejection – then don’t trade
• Wait for the 2nd time – it must come to touch the key level and retrace from the key level – then you can place the call trade.
Strategy # 2 (4 Top Sureshot Pattern in Quotex)
Piercing Line
In Down trend when you see that two candles are making Piercing line level be active and ready for trade
Wait for retracement candle its conformation for trade
After conformation of retracement candle then place trade for up direction on next candle
Different Trends to Trades
In this section I will discuss about breakouts, Support & Resistance levels
Focus on support and resistance levels trades and Hammer Pattern.
Breakouts & Retracements
In this image (BR1) you will understand how market retract or reverse from support and resistance levels, in left side of image (BR1) you will see breakout candle pattern.
Support & Resistance levels Secrets
When market re-touches & rejects that support take trade. Draw a resistance line at sharp down curve, when market re-touches & rejects that resistance take trade.
Note : Just trade on sharp V curve, dont trade on non shrap curves. Refer to Below images.
Strategy # 3 4 (Top Sureshot Pattern in Quotex)
Up Trend Curves
Down Trend Curves
Trade on hammer pattern
Strategy # 4 (4 Top Sureshot Pattern in Quotex)
Hammer Reversal Pattern
Hammer in Down Trend
Down Trend with Inverted Hammer
Up Trend and Hammer
Up Trend with Inverted Hammer
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