Jul. 31 at 9:45 PM
$XRX No, 90% of all gaps do not get filled.
Number is a recycled retail-trading fairy tale, usually repeated by people who have never quantified a single gap in their lives and treat chart folklore like gospel. Open a spreadsheet, define gap size and type properly, measure fill rates by horizon, and watch the 90% number evaporate.
Same day-50-70% range. TSLA, NVDA, AAPL, fills often in the 50-70% zone, closer to a coin flip. Not 90%.Island and runaway gaps expose the fraud.
Island reversals are even rarer and more damning. An island requires a gap away from a consolidation, a period of trading.
Two upward price gaps during an activist investor position typically show strong bullish momentum. Second Upward Gap (Continuation or Runaway Gap): Happens later fresh positive reports . Unfilled Gaps: Breakaway and runaway gaps in a strong activist trend often remain unfilled for a long time because the fundamental value of the company is perceived to have permanently shifted. Clueless
