查看“Category:BLTP”的源代码

Bull Trap, failed bull breakout. ''Watch out for possible bull traps when:''

* '''''Price is around important [[SR]]''' like EMA or HOY, even sometime there is a strong rally rushing to the SR in 2 or 3 good looking trend bars after gap down, it can be a trap, example of [[20230124]]; another example [[20230322]] bar 10-12;''
* ''CCBLB that looks very bullish on the surface, but bars have '''prominent tails and overlaps''', e.g. [[20230124]] 3-5''
* '''''Market reverse quickly right after the stop order is filled''' by 1 or 2 ticks above the CC bars.''
''Expect a [[MM]] in opposite direction after the BLTP is confirmed, especially if the day is a trend day or becoming a strong reversal day (e.g. [[20230323]] BLTP 3-20).''

== ''Examples of Common bull traps'' ==

=== ''Traps on the open at EMA'' ===
''In below example of [[20230124]], yesterday had a [[BLTFO]] and a selloff in the afternoon, today morning market had a gap down, followed by a strong bull reversal attempt in 3 good CCBLB from bar 3-5, then bar 6 became a huge BRBCL by just going 1 tick above 5. Notice that bears sold aggressively not far above EMA,'' ''bar'' ''3-5'' ''have'' ''prominent'' ''tails'' ''('''especially bar 2''')'' ''and overlapps,'' ''even'' ''though'' ''they'' ''look like 3 good CCBLB on the surface. If'' ''3/4/5 all only have small tails, hence gaps, 5 will be a better'' ''BTC.''

''if bought above 5 for BTC, the stop should be below 5 at least for half of the position, especially when seeing market quickly reverse down by going 1 tick above 5, that is a good sign of possible BLTP. '''As a general rule, traders should put the stop right below the signal bar no matter where he entered, at least for half of the position, because if things like bar 6 happens in short amount of time, it is likely that market is doing the opposite of what traders want.'''''
[[File:20230124pa.png|none|thumb|799x799px]]
[[Category:Traps]]
[[分类:Case Study]]