Breakway Gaps

The speaker talks through the definition of a breakaway gap and talks about how it is an excellent indicator of a trending move.  Breakaway gaps break the security out of a trading range or congestion zone and provide much strong confirmation as opposed to a traditional breakaway gap and talks about how it is an excellent indicator of a trending move.  Breakaway gaps break the security out of a trading range or congestion zone and provide much strong confirmation as opposed to a traditional gap.  Rarely, do breakaway gaps fill the day after they are formed.  The low of the breakaway can be used as an important level of support that should not be broken for the breakaway to be valid. 

Breakaway gaps are accompanied by strong volume and break through significant resistance levels.