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My simple take on this storm in a teacup is that @slick and a...

  1. 197 Posts.
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    My simple take on this storm in a teacup is that @slick and a few others believes a gap is defined as an interday break in trading price continuity (specifically from close of one day to open the next), possibly leaving a place of 'stranding'. He acknowledges that this may not appear as a gap in a daily chart between the wicks. Not relevant in that chronological definition.

    The other more common definition of a gap that most traders and chartists go by is the visible appearance of a space in a chart between two days including the wicks. As pointed out in an earlier post, this is an area of price action that has not been traded across the 2 days and 'stands out' to the eye.

    They are different definitions with different time based forces and possibly leading to different trading tactics and timeframes (don't really know).

    Each to their own. Bit like arguing over which religion is right or better ...
    Last edited by Members End: 11/09/21
 
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