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Gap

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Gaps are also known as 'Rising Windows' or Falling Windows' in Japanese Candlestick charting.

An opening 'gap up' is when stock/index starts a new trading sessions at a higher price than the previous days close. An opening 'gap down' is the reverse of this - when the stock/index opens the day lower than the preivous close. They are especially significant when coupled with an increase in volume.

A 'gap up' can also be referred to as a 'Rising Window' and is a bullish indication. Conversely a 'gap down' or 'Falling Window' can have bearish relevance.

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