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, , Breakout Gap
, , Breakout Gap
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Title: Spot Filled Breakout Gap – PFC -11Aug17
Characteristics of Breakout Gap:
1. Breakout Gap appears only when price gives breakout (upward or downward break out) from its trading range. There is a downward break out in this case.
2. Indicates strength of buyer or seller. It is the seller in this case.
3. The Gap may is filled in the near term.
4. It signifies beginning of a new trend.
5. Volume during Gap day is high.