It opened gap up within yesterday's range. It was very apparent that it was getting resisted at range high where there was a confluence of origin of significant move plus high volume node. The attempted short refused to move and ended as a scratch. Once the prices started getting accepted above range high, attempted a BPB long trade which yielded good.
Little bit on how I read the prices:
Micro trend in a decline mode, opened gap up. Now this gap up should get sold by the aggressive sellers in the morning which did not happen as it refused to break the initial low at 10 am and gap remained unfilled. This was the first sign of weakness in the bears/sellers. After that it kept on hitting the resistance zone without giving away too much. Another sign of weakness of sellers and buyers gaining strength. Finally buyers won the battle and were able to break the resistance successfully allowing us to join the winning party and benefit from it.