Yesterday RG started it s tradingsession very weak with a gap down and was traded temporarily below the central pivot support Level @ 8.90$. Per Close, RG could defend this Level - a false breakout or ptential bear trap was formed.
The open gap is the new shortterm resistance . For me, the Region between yesterdays low and the gaps upper edge seems to be neutral -herein is no Action needed.
Interesting are the edges of this neutral Zone.
1. Below yesterdays low, i exspect a temoprarily selloff with TPs 8.6/8.3
2. Only Prices above 9.10 will brighten the Chart.
The open gap is the new shortterm resistance . For me, the Region between yesterdays low and the gaps upper edge seems to be neutral -herein is no Action needed.
Interesting are the edges of this neutral Zone.
1. Below yesterdays low, i exspect a temoprarily selloff with TPs 8.6/8.3
2. Only Prices above 9.10 will brighten the Chart.
Note
exactly kissed 0,5 fibo-retracementNote
nearly reached both Targets ;-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.