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The Anatomy of a Range 📈



Let's study the PA on $BTC from the last week because it was incredibly clean, a perfect example of how a range should play out in theory

0. Establish a range after a heavy move down
1. Retest VAH from below as resistance
2. PoC acts as support
3. Deliver above range highs and range highs act as support on the retest
4. Sweep liquidity outside the range, against the HTF trend (down)
5. Fail to hold range highs as support
6. Fail to hold VAH as support -> this is where I caught a nice short
7. Retest range highs as resistance
8. VAH fails to hold as support
9. PoC holds as support, fueling a move up
10. VAH retest as resistance
11. Price delivers to VAL
BTC0.01%
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