Bull & Bear Traps - Reliable Indicator of Major Tops and Bottoms

8 Jun 2017

 

 

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.

 

 

 

Confirmation Conditions

 

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

 

 

 

 

 

 

 

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