Underlying logic:
1. The price gets rejected from a level repeatedly and forms a major resistance.
2. There is an initial test of supply which absorbs some pending orders
3. The price finds a bottom and some sort of accumulation happens.
4. After the accumulation, the price tries to move back up to retest the resistance level.
5. A bull trap is confirmed when...
1. Spot the breakout
2. wait for the retest
3. find an indication (read: divergence) that suggests prices to fall (in this case)
4. enter a trade with proper risk managment
Stay safe, learn before you can take positions! Do not just blindly follow anyone.
"Be a student & not a follower!"
Notes on the charts. For best results, Its better to trade in the direction of trend.
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Best Regards
Afraidtotrade