价格行为学：End of Day Traps

1. What is a Trap?A trap is simply a breakout that fails,the market breaks out and then goes the opposite directiontrapping people into the wrong direction
2. A bull breakout that fails and reverses down，every pattern can fail and a bull trap can fail,that means you can have a bull trap that looks like it's reversing down but in fact it becomes the start of a bull trend
3. You can get a bear trap that starts to reverse up but then the bear tread continues down
4. If you have a trading range and a breakout even if the breakout is strong 80% of the time it will reverse
5. This is strong enough so that a lot of traders would consider the marketto be always in long an early bull trend,but if there's a bear bar especially one closing in its low this is more likely a trap than a bull trend
6. We have a bear breakout,is it a trap or is it part of a trading range？If the market's in a trading range and you get a bear breakout it's more likely to reverse and the trading range is more likely to continue
7. Any time there's a bear trend late in the day there's usually some profit taking,if there's enough bears covering shorts-short covering-it can become a bull trend
8. Bears will sell below a bear bar especially one closing near its low
9. If there's a bear bar closing near its low i think the bulls should get out because it's a possible double top,and bears will start to sell-either there or they'll take a second sell signal below here or below this neckline of this pullback
10. We never went above a good size bull body closing near its high so there never was a good reason for the bulls to get long