Technical Analysis & Chart Patterns
3 terms
Gap
Technical Analysis & Chart Patterns
%
A discontinuity on a chart where a period's entire range lies away from the previous period's range, with no trading in between.
Gap % = (Current Open - Previous Close) / Previous Close x 100
Gap Down
Technical Analysis & Chart Patterns
%
An opening price below the previous period's low, leaving an unfilled space on the chart.
Test: Current Open < Previous Low
Gap Up
Technical Analysis & Chart Patterns
%
An opening price above the previous period's high, leaving an unfilled space on the chart.
Test: Current Open > Previous High