> For the complete documentation index, see [llms.txt](https://docs.rigged.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rigged.ai/price-action/ping-pong.md).

# Ping Pong

Ping Pong Bing Bong is pretty easy. 

This occurs when price action chops at 1-strike (never touching one higher or lower) or bounces between 2-strikes in a tight range. 

{% embed url="<https://youtu.be/m1Umme5UjaY>" %}

Bounce between strikes:

<figure><img src="/files/GvvoE0ijAXIjrpSFTd8M" alt="" width="563"><figcaption><p>just bounces between 515 and 514</p></figcaption></figure>

Ping pong at 1-strike:

<figure><img src="/files/l7RS3RA3iHYPdSLD7Npi" alt="" width="563"><figcaption><p>bounces above and below 521</p></figcaption></figure>

It's more important to recognize the two types:

**All Day -** When we ping pong the middle or entire session (typically on nightmare or hard mode)

{% hint style="danger" %}
ALL DAY IS THE WORST TIME TO TRADE DO NOT DO IT
{% endhint %}

**Post Move (consolidation)** - After a 3-strike move price action tends to ping pong

***

## ALL DAY PING PONG

We don't want to take a trade until after 13:00.&#x20;

Then we're looking for an end of day hulk or nuke into the close. We use small trade size "fun money" and know there's a high chance we will lose the trade.&#x20;

Example:\
\
[SPY 3/04/24](https://app.rigged.ai/flows/spy?\&day=2024-03-04) - has a hulk move that goes 285% in 1 hour before going to 0%. This is a great setup because you get 2 BULLS and 2 LOTTOS in a short timeframe.&#x20;

<figure><img src="/files/jSH9AvH57c1f933iSWhc" alt="" width="563"><figcaption></figcaption></figure>

[SPY 2/14/24](https://app.rigged.ai/flows/SPY?\&day=2024-02-14) - ping pong between 496 and 497 before end of day hulk move with 300% returns

<figure><img src="/files/kff1TvA2N2TLTAVztVWA" alt=""><figcaption></figcaption></figure>

***

## POST MOVE PING PONG

After a 3-strike move, price action will typically ping pong before whatever happens next.&#x20;

A lot of people call this consolidation.

**Strategy:**

**Bias for a reversal or pullback:** we "lean" that direction but we're not locked into the idea.&#x20;

**Prepare to chase the breakout:** if price breaks one way or another chase it. Price may go in the direction of the first move.&#x20;

Let's go through two examples:

[SPY 2/16/24 ](https://app.rigged.ai/flows/SPY?\&day=2024-02-16)- after a 3-strike move higher, ping pongs at 502 before going lower.

<figure><img src="/files/dHb3Q33SrshFyUMRZ2gg" alt=""><figcaption></figcaption></figure>

[SPY 1/08/24](https://app.rigged.ai/flows/SPY?\&day=2024-01-08) is totally different.&#x20;

We get a 3-strike move from the open before ping pong between 471 and 472.&#x20;

<figure><img src="/files/PC4mQR7eT93X2C8UeBn8" alt=""><figcaption></figcaption></figure>

Then price breaks higher!

***

**Summary:**

Do not trade ping pong that's been happening the entire session.&#x20;

Bias for reversal after a 3-strike move, but be prepared for price to break either direction

{% hint style="info" %}
If you're confused about ping pong bing bong, just ask the discord!&#x20;
{% endhint %}