Basically there are 4 gaps
Area Gaps :
occurs in areas of congestion ( trendless market )
on average it takes about 3 days to close the Gap
Breakaway Gaps:
Highlight the start of a new trend
on average the time to close the gap is from 2 months to to 6 months
Continuation Gaps:
occurs in the middle of price trends, they do not happen often since it takes a sharp rise followed by a gap and a continued rise in the stock these Gaps are not accompanied with High volume.
on average it takes around 3 months to close.
Exhaustion Gap:
Large gaps are usually Exhaustion gaps and they appear at the end of a trend. Most Exhaustion gaps occur on High Volume its like the last gasp before the stock ends the trend.
Exhaustion Gaps close quickly usually between 1 to 3 weeks .
and 98% in the first month.
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Basically there are 4 gaps Area Gaps :occurs in areas of...
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