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| Many times a real rally will have 3 gaps. Looki at the Mar 21 chart, looks like a gap was formed late Aug in the 3.60 range. Could be considered a breakaway gap. A second gap would be a measuring gap as you suggested. It may be a halfway point in either time or price. Somewhere in the future, an exhaustion gap may form. Usually a very volatile market , but can be a signal that a change of trend may be near.
Charts don’t usually lay it out in textbook fashion, but when they do.... | |
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Let’s talk gaps corn
