Back to Basics: Bull and Bear Traps. What are they and how to identify them? These formations usually proceed with a swift change in direction. Depending on the time frame you’re trading off of, you must be aware news can create traps. After a prolonged move, buy the rumor sell the news can take place and on the news, the trap is formed. Keep in mind the first direction in a bull or bear trap is the side that will be trapped. Check out the video for more insight and a better understanding of traps.
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This video is for informational and educational purposes only. These are not recommendations to buy, hold, or sell any stock or security. I may hold positions in some of the equities mentioned, know your time frame and risk tolerance. I am not a financial advisor. Trade at your own risk.
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