Breakaway Gaps starts a new trend and the gap often occurs on leaving a consolidation area, usually on high volume
on the gap day, which can continue for several days. Price trends for several days. Look for a high volume
gap and trade in the direction of the trend. The best performance comes from breakaway gaps in a bull
market near the yearly high. In a bear
market, trade those near the yearly low. Large breakaway gaps outperform small ones.
Average Time to Close the Gaps ( bull
Breakaway gaps 136 days for upward breakouts, 168 days for downward breakouts.