ZIOP - if can break recent range still has more upside as gaps tend to get filled over time.
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ZIOP - if can break recent range still has more upside as gaps tend to get filled over time.
Breaking that range today. 3.25 now.
And idea/trade finally paying off. 3.40's now.
I tried finding a reason for the abrupt reversal @ 3.50 but couldn't find any minors or majors on any frames to signal such a move.
Seems like it was just typical late day sellers into a run especially near a psychological resistance level. .50/whole dollar areas act as magnets then reverse and test again. So now needs to break 3.50 tomorrow for continuation signal.