Price charts often have blank spaces known as gaps, which represent times when no shares were traded within a particular price range.
Normally this occurs between the close of the market on one day and the next day’s open
Based in which position of the price chart the gap is appeared.
1) Area Gap
2) Breakout Gap
3) Runaway Gap
4) Exhaustion Gap
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https://www.youtube.com/watch?v=XNRN09_AL2M