- Gap 1 = Breakaway Gap
- Gap 2 = Continuation Gap
- Gap 3 = Exhaustion Gap
We'll see, in time, if today's (Wednesday's) gap on the TF is a Continuation Gap. If so, then it has a long way to, ultimately, run before it hits the third type...essentially another 100 points, or so, to around 950...although, not likely straight up! I would note that the Breakaway Gap (which began the current uptrend) remains unfilled.
Since the formation on the 60 min (market hours only) chart below resembles that of an inverted Head & Shoulders, this target could be actualized...the timing, however, is unknown.