The market opened lower today, creating a NWOG (New Week Opening Gap). Initially, we anticipated a retracement back into the range to fill the gap while also forming a discounted opening range gap. This provided a clear indication that price had a high probability of returning to at least the minimum consequent encouragement level during the AM session.
Later, we observed a full gap closure, confirming our expectations.
That's it for today! ✅ Like & leave a comment to help us improve our market commentary. 🚀📊
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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.