A lot of buyers have come to the party (Exhaustion gap + 600%)

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Hi everyone.

As shown in the chart, a very sizeable gap in prices is created. what might this be?

Breakaway gap: Breakaway gaps often occur early in a trend (show conviction in the new trend direction).

Runaway gap: A runaway gap is when the price opens significantly higher than the prior close in an established uptrend (S&P500).

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Exhaustion gap: exhaustion gap occurs near the end of a trend (An exhaustion gap signals a reversal in trend direction).

A bullish exhaustion gap occurs near the end of a downtrend and is caused by a final group of sellers, who regret not having sold prior*

Tatget= a move equal to the size of the gap (+ 600%)

*A bearish exhaustion gap works exactly the same way but in reverse.
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