The initial gap up was faded down to the 50% level (Fibonacci retracements snapped from the previous close to the open). Market internals were bullish all day, no reason to be leaning short:
It was a sleeper of a day, but price did display some high probability setups in the form of (1) Price testing/finding support at the Open range high, (2) Resistance becoming Support and (3) a base break leading to a gap fill.
No comments:
Post a Comment