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Welcome back traders to open for bull and bear traps these are fake moves used to trick the Bulls or
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bears thinking the price would go their way.
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They usually happen near stop Huhn areas and they also form similar patterns to harmonic patterns.
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I mean draw a Harmonix pattern for you
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referee here this W and opposite is an M.
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So this is a classic harmonic pattern.
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And what happens in these patterns are actually the same reasoning to what happens in war veterans.
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Remember in order for price to go down further there needs to be enough buyers at the retail traders
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need to think that price is indeed going to the upside like we previously discussed.
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This is a fake out to the upside basically.
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So once there are enough buyers induce in this mini uptrend then the big boys come in again.
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Hits price don't.
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So this area here is mushier support for symbolised that this is a trap.
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To get the bulls into thinking that price will go up OK.
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This is the bear trap.
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Those people who failed to see that this is an uptrend and it's really a pullback thinking that this
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is another downtrend that's happening.
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So sellers are jumping in here.
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The buyers came in.
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There are not enough sellers to push price higher.
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Remember guys there needs to be enough sellers for price to go up a fake move happens a bear trap.
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Most sellers are in the game of thinking it's breaking the lows here.
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Maybe another low here and the opposite happens.
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Price shoots to the moon.
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This is a bear trap.
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And here's a bull trap.
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Simply I'm not going to cover a harmonic patterns in a complete cross-section course but I want you
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to understand the reasoning and why this pattern happens and that's really all we need to get us into
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the trade here.
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Usually what happens at the bottom here is a big body condom.
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Right.
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People are seeing the down move with big Barish can last big bodies.
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They are afraid of missing out.
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They in short price reversals killer to try to spot these AMZ and W's on the charge.
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Just be mindful that the patterns may not always be a perfect could be and am like this and the same
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is true for the W..
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This is what we have learned re textbook W..
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But in reality we make an equal or even a long with case first and formation here so for price to go
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up there needs to be enough sellers.
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Right.
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So I was jumping in here.
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No I don't think so.
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They're still afraid.
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Right.
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When you see this big move happen
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it's a break out of a range in the lower timeframes.
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OK.
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And it's followed by a big buddy Kanno so sellers are thinking it's finally going down.
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Big Boys are thinking Yay.
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They fall into the trap.
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Yeah.
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This is where I'm going to buy.
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This is a discounted price for me.
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So this is a trap to induce the bears thinking that price would go lower.
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But instead it went to the upside
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the the one here right to the end.
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So what you see them pressure is always a battle between the buyers and sellers the bulls and bears.
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So when this first big scandal happens the sellers are not there yet.
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Right.
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The real deal traders remember they only know a downtrend has happened when it's too late.
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Whatever instrument it is when the mass is able to see that prices headed to the downside they're probably
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left behind already.
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A good example would be the bitcoin bubble that just happened when the public is aware that it's a good
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time to finally invest in bitcoin.
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Price has already skyrocketed to the upside.
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And when most people jump in it's probably time for the smart money to take the profits off the table.
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And this is a cycle that happens over and over again.
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This chart here this is an M and this candle here is the trigger.
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You may enter simply at the close of this red candle.
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This is a long weekend though that shows rejection that you could either be a big body count all along
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candle.
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The Bears are thinking Christ has finally broke this level and is on its way.
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To hand over the big boys thinking this is a good place for me to buy.
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Here's the information
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not a variation of the W.
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So this last Motier support trap.
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Remember the bears are in control.
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The smart money is something they meet the retail traders to do the opposite which is to buy sell from
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them.
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OK and as a retail trader ask yourself if there are actually enough buyers here right.
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This is the first push to the upside.
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Most people are not aware yet that this is going to the upside.
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One thing that it's finally headed to the upside right we hear that's when it's truly all right guys
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the march the end of this model which is learning to identify the bull and bear traps.
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