If this classic 50% > Bull trap > Follow through happens this is what you usually see in forums.
At this point most people are bulled up. Some have forecast retracements. Others will eagerly want to get into dips.
So around the 55-45K zone there's usually a lot of bullish sentiment. Sometimes a dead cat style move to serve as a trap for this.
Then around 34 - 32K area is when you should see the bears come out en mass. At this point it usually is extremely popular to talk about the bear move. BEWARE. This is usually the exit signal.
The market will then usually recover a lot of the loss quickly, "Bears are always wrong" becomes the slogan again.
Market then chops about in a range for a long time before setting up a second break.
The 50% drop is a crash move. It makes people think more must come. The failure of the follow through makes people think the bear must have failed.
These are the two main traps in the setup discussed.