Price opened right near the 50% extension of the previous day's High/Low range, barely retracing in the early morning before continuing higher.
I was a little late to enter, ideally the long entry would have been closer to the Opening price, and I didn't get in until about 8-cents later. The target was a 50% extension measured off of the previous day's Close to today's Open.
These opening gaps on barely a substantial TICK reading just exemplifies the fact that just because it's not "confirming" doesn't mean it can't run on fumes and emotion. While price barely retraced it's sizable gap up, once price recovered the Open there was barely a seller to be found, and while later in the day a large negative TICK didn't sink the ship, instead signaled a reverse divergence bringing prices back to the highs.
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