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Was today a bear trap ?


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#1 CLK

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Posted 09 April 2018 - 04:55 PM

Inverted hammer could be viewed as bullish, daily MACD trying to turn still. But why do they need so many days to turn 

the market ? Consolidations usually resolve in the direction of trend.


Edited by CLK, 09 April 2018 - 04:56 PM.


#2 CLK

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Posted 09 April 2018 - 05:05 PM

Every bull is banking on that inv. H&S pattern to pay off, what happens if it fails ? 



#3 CLK

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Posted 09 April 2018 - 06:07 PM

Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.

 

 



#4 fib_1618

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Posted 09 April 2018 - 08:03 PM

Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.

 

 

 

BETS040618.PNG


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#5 Dex

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Posted 09 April 2018 - 08:11 PM

 

Last week printed a new sell, seems like with MACD turning down at zero, need a new low at least first like in 2016.

 

 

 

BETS040618.PNG

 

 

When was the last time "The sign of the bear" as triggered?


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#6 CLK

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Posted 09 April 2018 - 08:55 PM

I'll never understand why what happened today was necessary if the goal is to take the market higher, I mean why one more down ?



#7 NAV

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Posted 09 April 2018 - 11:41 PM

Morning - bear trap, Afternoon - bull trap, After hours - bear trap, Trump's next tweet - bull trap laugh.png


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#8 alexnewbee

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Posted 10 April 2018 - 03:44 AM

Inverted hammer could be viewed as bullish, daily MACD trying to turn still. But why do they need so many days to turn 

the market ? Consolidations usually resolve in the direction of trend.

Repeat of 22 March, eh?


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#9 CLK

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Posted 10 April 2018 - 04:47 AM

If symmetry is what they are after then we have through Wed. close before this is over.

 

https://invst.ly/74ke7


Edited by CLK, 10 April 2018 - 04:49 AM.


#10 cycletimer

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Posted 10 April 2018 - 03:49 PM

CLK,
You nailed yesterday's Close.... BEAR TRAP!

Edited by cycletimer, 10 April 2018 - 03:51 PM.

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