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Tagged: Gap
In a candlestick graph, gap appears between the previous day closing and present day opening.
Gap analysis indicates the strength of the trend. Gap is usually defined at the ratio of present day opening to the prior day closing.
GAP in technical analysis is the gap that is formed between the close of the previous day and the open of the next day and it can be found generally in candlestick charts.The gap indicates the strength of the trend and it indicates whether it is the beginning or termination of a trend .
Gap is the space formed in the trading range which helps in knowing the trend whether it is bullish or bearish.
When a price of a stock closes at 90 and on the other day it opens at 100 then the price between 90–100 is called as gap.The gap should is considered as gap when it is occured in the trending area.
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