{quote} Just wondering how its possible for a daily price gap during the week? I understand the weekend gaps but not during the week. This is a revelation to me.
Gaps can be classified into four groups:
- Breakaway gaps occur at the end of a price pattern and signal the beginning of a new trend.
- Exhaustion gaps occur near the end of a price pattern and signal a final attempt to hit new highs or lows.
- Common gaps cannot be placed in a price pattern—they simply represent an area where the price has gapped.
- Continuation gaps, also known as runaway gaps,occur in the middle of a price pattern and signal a rush of buyers or sellers who share a common belief in the underlying stock's future direction.
Checked my NC and no gap on the daily!
