What exactly does it mean that a gap has been filled on a stock chart ? A gap on a chart is considered to be filled when the price action moves back through the open gap area where transactions were missing. Price must retrace all the way to the closing price of the previous day before the gap.
Gaps do eventually fill but that could happen after a strong move or trend takes place and can take a long time for the market to change direction. The path of least resistance is generally in the direction of the gap in price action. There are few technical signals stronger than a gap in price.
Partial gapping occurs when the opening price is higher or lower than the previous day’s close but within the previous day’s price range. Full gapping occurs when the open is outside of the previous day’s range. Gapping, especially a full gap , shows a strong shift in sentiment occurred overnight.
The next thing we wondered was, what does it mean that a gap has been filled?
A gap on a chart is considered to be filled when the price action moves back through the open gap area where transactions were missing . Price must retrace all the way to the closing price of the previous day before the gap.
The gap-fill is a popular trading strategy and it is used not only in the stock market , but also in Forex. After a gap is formed, it happens frequently that the price eventually returns to the origin of the gap and, thus, “closes” the gap. Important in this context is that a gap close does not always happen.
What is the gap theory?
It was in 1814 that Dr. Thomas Chalmers , founder of the Free Church of Scotland, popularized what has become known as the gap theory.
Why the gap theory is true?
The gap theory was a method of reconciling the secular teaching of long ages by the geologists of the time with the Bible. Gap theorists wanted a way to insert millions of years into Scripture and still maintain a literal account of a 6-day creation.
What is the strongest argument against the gap theory?
Theologically, the strongest argument against the Gap Theory is the same argument against any old-earth creation compromise: death and Adam . By its nature, the Gap Theory has to include millions of years of death before the sixth-day creation of Adam. And the world was judged because of the sin of Satan, not man.
A major problem for the gap theory—and all long-age compromises —is that all such views place the fossil record before Adam. But this fossil record shows death and suffering. However, death is the result of Adam’s Fall, but the long-age views would entail that death precedes the Fall.
This of course begs the query “Why the gap theory is wrong?”
The gap theory is logically inconsistent because it explains away what it is supposed to accommodate—supposed evidence for an old Earth. Gap theorists accept that the Earth is very old. They base this on geologic evidence interpreted with the assumption that the present is the key to the past.
One difficulty of the gap theory is that it requires that creation suffer death and destruction before Adam’s fall . Romans 5:12 says, “Sin entered the world through one man, and death through sin, and in this way death came to all people, because all sinned.” The gap theory counters by positing two worlds.
What is the gap theory in the Bible?
The Gap theory arose when modern science began to argue for an ancient earth and universe. It was an attempt to harmonize the lengthy time periods, or ages, with Genesis . This fact alone should make the entire theory suspect.
Does the gap theory undermine the Gospel?
In most versions, it puts death before sin, thereby undermining the Gospel. And we do not need such compromise .
Do geologists and astronomers believe in the gap theory?
But there appear to be no geologists or astronomers today who believe in the Gap Theory . Theologically, the strongest argument against the Gap Theory is the same argument against any old-earth creation compromise: death and Adam. By its nature, the Gap Theory has to include millions of years of death before the sixth-day creation of Adam.
What is the gap theory of the flood?
In some versions of the gap theory, there is a “ Lucifer’s flood ” in which God destroyed all life on that original Earth due to Satan’s rebellion.