RUT: Support within the Window

I recently watched a Steve Nison DVD on candlesticks and one aspect of candlestick formations that I was unfamiliar with was the notion of "windows" (gaps) being a very good short term support (or resistance) area. Thursday and Friday are a good example that we can see on the 2 day 5 minute chart of the window acting as support. In this case it's the bottom of the window.

The lesson I learned here is that a gap up (window) in a situation like this shows market strength. Although the RUT tested the window intraday, the 50% Fib level acted as support and the RUT closed up strong at the end of the day. A low risk intraday entry (Blue Dot) would have been a break of the downtrend at 812 with a stop at 811.
Target 1 would be 817.50, Target 2 $828.

RUT 2 Day 5 Minute Chart