THE LARGEST, MOST BLATANTLY OBVIOUS BULL TRAP OF A MARKET EVER..
CAME WITHIN FIVE CENTS OF BREAKING THE LOW OF THIS MAMMOTH TOPPING TAIL....FIVE....CENTS....THEN COMPLETELY REVERSED AND BROKE TO THE UPSIDE, BREACHING THE TOP OF ITS DAILY CANDLE, INVALIDATING IT'S SHORT TRIGGER. VOLATILITY IS ALIVE AND WELL IN THE TRADITIONAL MARKETS.
#SPY
#SPY
Comment:
This sort of....PRECISE price action should teach us all one very important lesson (and reinforcement for myself as well): Triggers don't occur until the top or bottom price of a candle is breached by at LEAST one penny. If it didn't trigger, it didn't happen. Have to live by these TA rules and not just "wing it." Consistency is the only way to bring consistent profits. 🤷🏻♂️
Comment:
These whole major attention-grabbing bullish or bearish event candles, followed by a lack of trigger (fake out) in the opposite direction are really something else. Kinda just sitting here in awe. 🤷🏻♂️