SR FlipUnderstanding the SR Flip Price Action/CIP:
(CIP: Change In Polarity)
If you’re a trader or investor, understanding price action is crucial to making informed decisions in the market. One popular price action pattern that traders often look out for is the SR flip, also known as support and resistance flip
Resistance can become support
Price breaches a support or resistance level when one side prevails over the other. Following breakthrough support or resistance, it's not uncommon for the price to revisit the breakout level before resuming its movement. In such instances, the former support may act as resistance, or the previous resistance may turn into support.
