For newbies interpreting charts of all formats,
IMO it is important to note that a GAP in an SP - for traders OTHER than Day traders - who trade in minute or hourly time-periods other than by Day
a) more often than not, gets filled within a short time after it occurs, and
b) is only evident from a daily :
CANDLESTICK or BAR chart, which shows such a gap BETWEEN the Close SP of the previous trading day and the Open SP of the following
trading day,
NOT a LINE chart which only shows a line FROM such Close SP to such Open SP.
A further point - not often noticed - that will distort short-term Candlestick patterns on Daily charts - is the gap that VERTICALLY occurs for the whole of the 48-hour period between the time of the day that a Trading Halt is announced, and the resumption time on the trading day 2 days later,
or even for the longer period (than 48 hours) if a Co. does not make the relevant Announcement within that 48 hours, whereby the ASX will automatically suspend the Co. from trading until the trading day such Ann is made.
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