Candle Gap Pattern
Candle Gap Pattern does not provide data for gaps filled within the same trading day.
The analysis includes 2 types of candle actions that create the gap. The gap resulted from the downward movement and the gap created by upward movement. It is important to understand that these 2 types of gaps are significantly different.
Downward action candle gap
The gap is considered only, when the lowest value of the previous candle does not overlap with the highest value of the current candle, thus creating unfilled the price action. It only happens in a downward movement.
Note, there are 2 gaps marked on the left picture. The second gap was later filled by the spike of the wick of the most right candle.
Upward action candle gap
In this case, the gap is considered only when the highest value of the previous candle does not overlap with the lowest value of the current candle. It only happens in an upward movement.
Note, there are 2 opened gaps marked on the right picture.
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