TraderWise

I wanted to highlight an important lesson we can learn from the recent breakout action in Research in Motion (RIMM) as it relates to “Open Air Pockets” and how traders can manage risk and take advantage of these opportunities as they develop.

Let’s take a look and see what RIMM’s recent chart can teach us.

What I’m showing is a pure price chart with the dominant Fibonacci Retracement grid from the September $88.00 high to the $55.00 low.