Support can often be found at the top of at the bottom of a gap.
Windows as they are called in Japanese Charting, or Gaps, as they are called in the west, are an important concept in .
Whenever, there is an open gap that means that no price and no transacted hands between the gap. Resistance: Once price gaps downward, the gap can act as resistance. Support: When prices gap upwards, the gap can act as support to prices in the future. When a gap has started filling, it will rarely stop due to there often being no immediate support or resistance.
Gaps are like a vacuum on the price chart. Most large gaps will be filled within a year. The average time for a gap to be filled in the stock market is 3 months.
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