Another random question to go along with the false breakouts.
Previous support zones that become resistance, does anyone trade them? In theory, they should be a good breakout but I haven't really considered them previously because there is usually a lot more resistance on the way back up.
In this example, say the double bottom at 53c fails and then switches to resistance (more a zone), would it be considered as a reliable support again if we can get a confirmed breakout like the blue line?
Given the way the market is headed, I think there will not be many with clear skies above.
