Consolidation or area gap- Area gap will appear inside the trading range and may be filled in the near term. The volume during the gap day is generally low.
Breakout gap- Breakout gap appears only when the price gives breakout from its trading range and may not be filled in the near term. The volume during the gap day should be high.
Runaway gap- This takes place post-breakout which appears inside this area. Area gap may not be filled in the near term and close should be at its day high during runaway GAP. The volume is distributed evenly during the day.
Exhaustion gap- The gap that appears after the trending zone seems to be a runaway gap but if it gets filled on the same day then it can be an exhaustion gap. The close should be at its day’s low during the runaway gap. The volume should be very high during the day.
