David's Trading Notes

$ETH September 29, 2026

I. Intraday Plan

Today intraday: mainly ranging/sideways, with reversals as secondary

1. For Figure 1, in the purple area (the ranging box). Only when reversal signals appear at the upper and lower edges of the smaller timeframe do you go long or short.
2. At the two edges: 2718 and 2638 on the smaller timeframe provide signals—then do the reversal.
3. If you want to chase a long: watch for a breakout above 2718, then enter long only after a pullback that holds (doesn't break). Target: 2750.
4. 2750 is a pressure wall with very thick stacked liquidity. You must first eat through this supply; only then can the bulls really ignite.

Wait for the signal! Wait for the signal! Wait for the signal!
In the ranging zone, if you don't wait for the signal, are you M?

II. View

During the adjustment phase, sideways movement indicates strength. Be patient and wait for opportunities at key levels. The data on Wednesday and Friday will become the fuel that ignites the market.

What ranging fears most is chasing in the middle of the mountain. Either wait for the edges, or wait for 2718 to pull back and hold. If it hasn’t reached the edge and hasn’t given the reversal signal, then be patient and wait for the key level.
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