Category:BLTP-MA
Bull trap at MA. It is also a failed bull breakout above MA. Usually happens in bear trend. The bull breakout is usually strong, sometime 3CCBLBs, that is why it can trap more bulls, but bears start to sell aggressively not far above MA, at the same time many scalping bulls take profit, the result is strong bear reversal bar(s), sometime even stronger than previous bull breakout bars. If successfully trapped bulls, bears will then look for MMD based on the height of the bull breakout. See also BRTP-MA.
- BLTP-MA usually have bad FT at or not very far above MA
