Gap up
A gap up is a price gap where a market opens above the previous close or the previous high, leaving empty space on the chart below the open.
Definition
A gap up is a price gap where a market opens above the previous close or the previous high, leaving empty space on the chart below the open.
It is the classical, price-gap meaning. Gaps up appear most often after the weekend close or after news released while a market was shut.
A fair value gap is a different test made on three candles, and it can form without any gap up in price.