Bull Trap: Don’t Let This Pullback Fool You
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Final week of August, let’s do this!
I’m seeing “stacked” ranges on the charts tonight, and the open space below us tells me Bull Traps are likely where the money is made on Tuesday!
I see (2) important clues on these charts…
First we have stacked ranges, begging for a deep pullback…
But the 2nd clue is even more important…
Because this 21ema is screaming Bull Trap, let me show you why!
E-Mini S&P (ES):
- Emini is bullish into a range, so I’ll be looking for ways to buy Bear Traps off support levels below the range tomorrow morning!
E-Mini Nasdaq (NQ):
- Nasdaq is bullish overall, but this bearish range tells me sellers will be looking for ways to sell Bull Traps to complete their rotation going lower tomorrow morning.
Video Length: 00:28:19
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