Bull & Bear traps are Major Breakouts that are Soon Followed by Abrupt Shape Price Reversals.
This is among the Most Reliable Indicator of Major Tops and Bottoms.
1. Initial Price Confirmation: a Price Retracement to the Median of the precede Consolidation
2. Strong Price Confirmation: a Price Retracement to the more distant Boundary of the precede Consolidation
3. Time Confirmation: the failure of the market to return to the extreme price witnessed following the breakout within a specified amount of time i.e. 4 weeks