Post-open Review… Can it hold up?

Isolation setup stakes its ground.

The 2644.00 overnight high had been reversed out of Europe’s opens to retest 2627.00. Retracing 61.8% of the drop suddenly surged to attack 2651.00. Its retest was accompanied by RSIs diverging negatively, triggering a reaction down to test 2642.00.

A very important level.

The attempt to recover yesterday’s range was underway. Rallying into and out of the open attacked 2659.00. It was retraced entirely to retest 2642.00, but only to 2644.00 during the opening 15 minutes of volatility.

The isolation setup had formed. Also, the 2640.75 bias-down signal held its post-open test, putting into play an offsetting test of the 2659.75 bias-up signal. Which has been attacked to within 1 point.

Price action has since ranged between 2642.00–2655.00. The isolation setup’s reward usually isn’t obvious during the morning. But a probe into negative territory must be quickly rejected. Extending to fresh highs remains likely, as does rallying this afternoon, so long as 2639.75 holds as support.