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Intrinsic Reasons for Support and Resistance changing roles
Hello dear fellow traders, I am working on other thread around the "flip" trade, its a neat idea for scalping that I am experimenting and it looks like it has some posible bright future...
My question here, and I would love to hear some bright minds here at TL thinking is : Why or wich is the reason (what happens inside the market) to make a previous resistance level now become a support...
It happens over and over again, on any time frame, its incredible when you start paying atention to this fenomena, how it works...
There has to be a clear reason in terms of market internal behaviour that I would love to hear your interpretations...
Take your time, maybe when you take an inmersion bath on your hot tub as Aristotle did you can meditate on this fenomena and we can all say Eureka ¡¡
Expect your disertations, cheers Walter.
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