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Close-Gap

Close-Gap		Another term for "lap." A lap up occurs when the next day?s low is greater than the previous day?s close.
Additional comments: A lap down occurs when the next day?s high is less than the previous day?s close. It is essentially a gap in prices between the previous day?s close and the next day?s action.

Related Terms
		Iday An abbreviation for "inside day" which occurs whenever a day?s range is within the range of the previous day. ... CPR An abbreviation for a Closing Price Reversal, a short-term price action. ... Common Gap A trading gap, or space between one day’s close and the next day’s opening price, which occurs periodically and not necessarily ...

 

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