BP chart. BP had couple nice setups for going both long and short. I have a short position which I am playing around.

It opened gap down then would retrace at least 50%.  Today it retraced more than the days gap but also previous day's gap.  Went all the way up to R3 where it reversed.  Today's chart showed where the 50 period Moving average was support on the way up and once price crossed over it became resistance as the price moved down.