分类:BLTP21T

21-tick bull trap is sign of weak bulls who could not get the extra tick needed for a 5-point scalp. Bulls scalping for 5 points (20 ticks) need the rally to go 22 ticks above the buy signal bar for their profit taking limit order to be filled (20 ticks above their entry price and 21 ticks above the buy signal bar high), If rally reaches 21 ticks above the buy signal bar but turns down, their order probably did not get filled, They are trapped in a likely bad long that stopped at 21 ticks above the buy signal bar. This is a 21-tick bull trap.