Specifics on GAP price pattern

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The Gap on price charts is it from close to the next day's open

or

from the low of previous day to the high of the next day.........meaning the high of the next day did not reach the low of the previous trading session and hence the GAP formation.

Thanks all!

 

[hoodooman]

TOC: The Gap on price charts is it from close to the next day's open.

This is "the opening price gap".