Bull trap breakouts create strong bearish reversal
When people are trapped in trades and they all start rushing for the exit it can create a large force to break the support on the other side
This was a distribution move for bulls to sell high or shorts to enter
On the lower timeframe 5 min you can see the move up to 38k created sort of a bull flag BUT the problem is that the pole had low volume and the flag had crazy high and consistent volume which indicates distribution not a bullish flag
Enjoy
This was a distribution move for bulls to sell high or shorts to enter
On the lower timeframe 5 min you can see the move up to 38k created sort of a bull flag BUT the problem is that the pole had low volume and the flag had crazy high and consistent volume which indicates distribution not a bullish flag
Enjoy
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.