The SP500 Bear Trap

17 Nov

Yesterday was a long day
As I lay in bed reading about
Candle stick patterns.

I kept thinking of another way to see through the current system am already using

Trading has so many mirrors and once you understand just one system
You can leverage it as a mirror.

This is what puts me ahead of the competition honestly
I don't think there be ever a day I don't

See a trading opportunity maybe it's because I pushed myself so hard to learn trading...I don't know

But there I not even one day which I can honestly say I dont see a trade to profit from

Look at this chart of SP500 SPX
The 🐻 Bears have taken over.
They was a huge market crash ⬇️

But this is called a "bear trap "

It's the opposite of a "bull trap"
This when you really have to buy the dip..

Also notice the 3 step Rocket Booster Strategy

🚀 Price is above the 50 EMA
🚀 Price is above the 200 EMA
🚀 Price is in an uptrend

Knowing this strategy will boost your understanding of trends and mass psychology

Rocket boost this content to learn more.

Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not .

Also practice on a simulation trading account before you use real money