Bear trap or Bull trap?
Looking at the charts we already know we have broken below the 50 Ema and came down to 100 Ema.
Question now is this, are we going down to the 200 Ema?
It could play out 1 of 2 scenario either a bear trap or a bull trap
Imo it look like a bull trap to me with these short time frames on the longer daily and weekly we need confirmation to decide which direction the market wants to go
Question now is this, are we going down to the 200 Ema?
It could play out 1 of 2 scenario either a bear trap or a bull trap
Imo it look like a bull trap to me with these short time frames on the longer daily and weekly we need confirmation to decide which direction the market wants to go
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