Runaway gap occurs post-breakout. Such Gap is witnessed in Graphite India’s chart during Nov ’17.
The characteristics of Runaway Gap.
1) Post break out, the Runaway scenario takes place. Runaway gap appears in the trending zone.
2) The Gap may not be filled in the near term.
3) The close should be at its day’s high during runaway gap day.
4) The volume is distributed evenly during the day.