Caution with bear traps on smaller timeframes!
Updated
Pretty self explainatory chart with a bold prediction in orange. The other indicators seem to point in the same direction tradingview.com/x/BfB2Jw7I/, we might be refuelling the pumps to the upside.
Two and a half hours ago, daily indicators looked like pointing in the same direction too
This is how the bold prediction of the orange snake shows up in daily chart
Two and a half hours ago, daily indicators looked like pointing in the same direction too
This is how the bold prediction of the orange snake shows up in daily chart
Trade closed: target reached
it didn't have quite the exact same shape that the orange meme snake, but bear trap confirmed. And boy... it was far more aggresive than I expected. Uptrend succesfully refuelled
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