What is pivot low? It is a candle that is surrounded by two candles on either side with higher lows. Ideally, this should be your stop-loss point. Candle 2 is PL
David Larry (2003) - Trading Explosion Breakaway Gaps
How to trade Breakaway Gaps?
First of all - identify a Breakaway Gap by looking at price breaking out with a gap wherein no shares exchanged hands. If you look at the attached chart of NELCO, you can see one on 12th August.
What is pivot low? It is a candle that is surrounded by two candles on either side with higher lows. Ideally, this should be your stop-loss point. Candle 2 is PL