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The following conditions meet the criteria for Exhaustion gap:
– Run away gap if filled on same day is considered as Exhaustion gap
-Close should be low during runaway gap
– volume should be high to terminate the existing trend
Note: The analysis is done with 5 hours interval of each day.
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Hi,
Exhaustion gaps appear near the end of a good uptrend or downtrend.
Thank you for the feedback.