A bull trap occurs when you start with a downward trend in price. Then a more sudden price increase occurs where people believe the bearish trend has been reversed and more upward movement will occur. Finally the upward movement is short lived and the downward trend reversed resulting in a loss,
The bull trap itself is the lowest price point in the initial downward trend before the sudden movement upward,
Not long ago I stumbled on a post explaining chart reading, If I stumble on it again I'll be sure to post its address for you.
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