Breakaway Gap / 突破型の窓
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A gap that occurs during a breakout from a range or chart pattern. By leaping over important support or resistance lines, it signals the beginning of a new trend. Typically accompanied by heavy volume, this gap is often not filled.
Enter in the gap direction upon confirming the gap breakout. Waiting 1-2 days to confirm the gap is not filled is a safer approach.
Project the preceding range or chart pattern's price range in the gap direction from the gap to determine the price target. Since it signals the start of a trend, medium-to-long-term targets are also effective.
Place a stop-loss at the midpoint of the gap or slightly on the opposite side of the opening price. If the gap is completely filled, exit.
Ideally, volume at the gap should be at least twice normal levels. Low-volume gaps have reduced reliability as breakaway gaps.