It has been awhile since we looked at our infamous "bread and butter" set-up. BJS gave us a good example today, with a gap down and price moving into resistance from the retracement zone of the previous day's high to the opening range low. Note how price stalls at the 50% line, and the declining 34MA provides additional resistance.
BJS collapses and tags the Fibonacci extension at the end of the day.
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