Late-stage uptrend + compression = high bull-trap risk
Primary bias:
Distribution → pullback likely
Entry (Option A – Aggressive):
Short on rejection between 338–345
Look for upper-wick rejection or daily close back inside wedge
Entry (Option B – Conservative):
Short on daily close below 318
Confirms structure breakdown and trap activation
Stop Loss:
Above 350 daily close
This invalidates the trap and signals trend continuation
Targets:
TP1: 300–295
TP2: 275–280
TP3 (stretch): 245–250
Bull continuation (only if): >>> highly unlikely.
Strong daily close above 350
Volume expansion + EMA re-separation.
Then this becomes a false trap and trend resumes
Not financial advice. For educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.