分类:BLTP2

2nd Leg Bull Trap. BLTP2 is a strong bull breakout with little or no FT, and quickly reverses down, trapping bulls who hoped for bull trend to continue. After BLTP2, market will either be in trading range (more likely) or bear trend reversal (less likely). It is also a type of bull FBO.

• BLTP2 usually does not BO far beyond TR. One of most common mistakes is believing that another leg is likely after a strong leg, however It is only likely if the BO is clearly above TR, especially if already a 2nd Leg Up within the TR^[1]. A lot of times, it is Not obvious unless you think possible.
• BLTP2 usually comes in a trading range day and usually leads to more TRPA^[2]
• BLTP2 is more common when 1st leg up is a wedge^[3] (for e.g. 20210412)
• BLTP2 often leads to big selloff but usually not strong bear trend^[4]

20230905, BLTP2 19-20.

See also BRTP2.