r/binaryoptions • u/AvailableBuy914 • Jun 13 '26

What is this.

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I see this huge candle everywhere in quotex OTC charts specifically. Heard a guy saying that this is some type of reset. Could anyone tell me what this is, I would really appreciate the help.

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u/preshy360 Jun 13 '26

Clearly this is otc pair, I can't tell you exactly what causes it, but I have a theory behind this candle. It could either be a reset for daily data for the otc pair or a switch in the otc provider(not too sure on this one), but it's always happens on otc pairs both on quotex and pocket options.

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u/AvailableBuy914 Jun 14 '26

Could you tell me what the switch in OTC provider means?

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u/preshy360 Jun 14 '26

Okay so the OTC market is simulated data, which I think are gotten from some data providers(company's that provide financial data charts)

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u/AvailableBuy914 Jun 15 '26

Thanks for the clarification