Gaps filled is a common saying. Different types of gaps are filled after different time.
Gap up, breadkaway gap, normally it will be filled not very soon.
Gap up, common gaps, should be filled soon.
Gap up, breakaway gaps, price break out and volumn high
Tips:
- This is forex, spx and stock, all the scenarios the tips should apply as well.
- This first chart is the chart illustrated in "The Gap Up (1)", it is filled after almost three years. This is a breakaway gap, it is filled not so soon.
- For a common gap, it is filled very soon.
- Gap ups are very important support. Even in the near time it is not filled, in the future, when price in a downtrend, each gap is a support that traders must care.
- The breakaway gap ups normally triggered by some catalyst, like earning reports or some pr news. The common gaps are not like that.
- The breakaway gap ups normally are break out pattern, and with volume up as well. The common gaps normally in a range and no volume difference.
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