$ETH just printed its first higher high and higher low inside a downtrend. I'm leaning long, but I'm not chasing this candle. What I want: a pullback into the gap the rally left behind, then a hold. Context: ETH slid from early-October highs to a mid-month low, then kept making slightly higher lows. One strong 4h candle cleared the prior 4h swing high. Why the pullback zone matters: - An unfilled 1h price gap, the 4h EMA20 and a 50-61.8% retrace of the first leg sit in the same area - Wyckoff reads it as the backup after a bottom; Elliott reads it as wave 2 - Two separate frameworks landing on one area is what makes it worth waiting for. Divergence is the cleanest read. On the 1d, 12h and 4h, price made a lower low while momentum made a higher one. The only bearish divergence is on the 15m, and I read that as the path down into the zone, not a reversal. Where I'm wrong: a 4h close below the most recent higher low. That breaks the wave 2 rule and the last Wyckoff support at the same time. Risks: the daily is still making lower highs, with daily and 4h moving averages stacked overhead. The Fed decision on 10/28 could wick through both entry and stop. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.