According to traditional technical analysis, there are four types of price gaps: Common, Breakaway, Continuation and Exhaustion. The Common gap provides little, if any, analytical value and occurs primarily within a range-bound market. The Breakaway gap indicates that a new trend is beginning. The Continuation gap typically marks the midpoint of a developing trend. Finally, Exhaustion gaps signal that a trend is coming to an end, and they are typically the third gap within a series of price gaps. Moreover, it is the price gap most likely to be closed.