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Post# of 54103
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michaelstl

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michaelstl

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Friday, 04/04/2014 10:35:04 AM

Friday, April 04, 2014 10:35:04 AM

Post# of 54103
Breakaway Gap
Could this be a breakaway gap if the volume really gets large?

"Breakaway gap occurs when prices break away from an area of congestion. When the price is breaking away from a triangle (Ascending or Descending) with a gap then it can be implied that change in sentiment is strong and coming move will be powerful. One must keep an eye on the volume. If it is heavy after the gap is formed then there is a good chance that market does not return to fill the gap. When the price is breaking away on a low volume, there is a possibility that the gap will be filled before prices resume their trend."
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