You can identify a gap at the open, but you can’t measure a gap until the day’s trading is over. Then you measure it from yesterday’s high to today’s low (for an upside gap) or from yesterday’s low to today’s high (for a downside gap).
The gap is between the bars, not between the opens and closes. If the security opens on a gap but then the gap is filled during the day, the gap doesn’t show up on a daily chart. The same thing is true if a security gaps during the day on an hourly chart — the daily bar doesn't show it.
All the Counters have big gaps where trading actually did not happen much in between but the price went up suddenly big time, they may fall down and fill the previous Gaps. EG LIOC.
it will come down to 35- 38 yes...all the way from 45...!
most of these counters have to fill the gaps in future.
Be patience. Patience is a virtue. then buy again.