Fading the 6E1! Gap
With the price showing signs of exhaustion and resistance forming around the gap's high, a short entry could be ideal as momentum fades. A move back towards the gap’s origin and potential support levels would be the target, with careful risk management in place. If the market continues to show weakness, this gap-up move could quickly reverse, offering a solid opportunity to take advantage of the pullback.
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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.