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the interpretation and application of price action concepts

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GAP and NAKED GAP


 open gaps    Gap   Naked Gap   Gap Projection Method


Below is the comparison of  what I call a Naked Gap and a Classic Gap.

Naked Gap Up - When price opens at a  price higher  than the price it closed at on the previous day and then closes above the previous day close while never returning to yesterdays close.

Naked Gap Down - When price opens at a  price lower than the price it closed at on the previous day and then closes below the previous day close while never returning to yesterdays close.

Classic Gap Up - When price opens at a  price higher than high of day the previous day. This remains a gap until price returns to high of day that previous day.

Classic Gap Down - When price opens at a  price lower than the low of day on the previous day. This remains a gap until price returns to low of day of that previous day.

Sometimes the Classic Gap gets filled and and the naked gap does not fill. Other times they both get filled. I prefer to keep my sights on the Naked Gap.

After A Classic Gap is filled and the Naked Gap is not, I will maintain a small bias for price to move in the direction to fill the Naked Gap. 


Here is a Gap


 

Here is the Classic Gap and Naked Gap comparison

 

Classic Gap the Range of previous bar must be touched again = LOW or HIGH

Naked Gap is a gap until previous close is touched again

 

 

 

 

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