☄️ The end for sellers?

🐻 What is a bear trap? It’s a price movement that looks like the start of another bearish wave, but actually, it’s the very beginning of an uptrend.

📉 Sellers get confused and think another plunge is incoming. All this happens while the price is skyrocketing above recent resistance levels, collecting liquidity on the way.

✅ When you see a bear trap, the best you can do is to Buy at the retest of the resistance levels that used to be a support. Look for confirmation on smaller timeframes or seek reversal candlestick patterns.

📍 Your Stop Loss should be below the support (fakeout), as shown in the figure. Take Profit levels can be forecasted via Fibonacci levels or you can place it near some distant resistance level.

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