Noticed a Gap with good volume. Hence identified it as Breakout Gap. After which noticed a Runaway Gap in the trending zone wherein the volume was not high. Hope I am correct. Feel free to comment so that I can correct myself.
, , Runaway Gap
, , Runaway Gap
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Hi,
Breakout gaps occur when the price action is breaking out of a trading range. Here, in this case, the gap has appeared inside the trading range so, it doesn’t act as a breakout gap
Dear Mr Naresh,
Thank you for your valuable feedback. Will try again. Appreciate your interest and understanding of the subject.