I posted this as a Long setup, but really just a game of pong between S/R's until eventually one breaks and becomes its counter-part.
We flipped a nice area of resistance into support recently, seen in green below and still have resistance way above in red, yet to be tested.
All the while we have our own smaller game of pong inside the channel here, with clear support and resistance bands with some LTF OB's.
A beautiful candle today yes, but as far as I'm concerned it has invalidated nothing yet. Rather, it has only validated this channel of pong we are currently sitting in.
Will ETH lead us to Valhalla or are we not done bleeding yet?
We flipped a nice area of resistance into support recently, seen in green below and still have resistance way above in red, yet to be tested.
All the while we have our own smaller game of pong inside the channel here, with clear support and resistance bands with some LTF OB's.
A beautiful candle today yes, but as far as I'm concerned it has invalidated nothing yet. Rather, it has only validated this channel of pong we are currently sitting in.
Will ETH lead us to Valhalla or are we not done bleeding yet?
Vatsik