Trends/Gaps and breakouts

Breakaway gap

A gap that opens above a range or below it, when price leaves a flat stretch.

Gaps and breakoutsBest on 3M, 6M, 1YAlso called breakout gap

Illustration of the breakaway gap shape. It is a sketch, not real price data.

What it shows

A gap is a space on the chart where no trades happened, because today's low is above yesterday's high (or today's high is below yesterday's low). A breakaway gap is one that comes as price leaves a flat range.

It is a name for where the gap sits, not a prediction.

How we find it

The same code that draws it on your chart follows these steps, with the same result every time.

Find a range of at least 15 bars where price moved within 10%.
Find a bar whose low is above the range high (or high below the range low).
Check there is no overlap with yesterday's bar.
Mark the gap.

Starting values: Range 15 bars, 10% wide. These are proposed and will be tuned on real price data before launch.

How to read it

The shaded block is the range.
The gold zone is the gap.
Price after the gap is above the range.

Status labels you may see

Label	What it means
Gap recently	A gap out of a range in the last 10 bars.
Gap filled	Price has traded back into the gap.
None	None found.

What cancels it

Cancelled when price closes back inside the range.

What traders check next

Volume on the gap day.
Whether the gap is filled.
What the range was.

Limits

Gaps are less common in 24-hour markets.
Labels like breakaway are seen only afterwards.
Many gaps are filled.

Try it in forecastviz

Open any ticker and choose Gaps and breakouts → Breakaway gap in the left menu.
Switch between 3M, 6M, 1Y to see how the picture changes.
Compare with Runaway gap and Exhaustion gap on the same chart.

Open on a ticker

Questions

How do I tell gap types apart?

By where they sit: leaving a range, mid-trend, or at the end of a move.

Is the gap a support level?

Some traders treat it as one.