Some people have been asking me about this move on smaller time frames like D1 & Weekly (No i don't do that M1, M5 nonsense. Find some other instrument for that, if you want to live financially well (and at ease) in long term :) ) Short term yes, its indeed a bull trap and bit of confirmation would be closing levels of W1 and MN charts.
More confirmation of this being a TRAP would be more faster rise and spike up to sub-10k levels like 8900, without any retrace. In suh scenario more shorts can be added till SL levels, if within your risk appetite. R:R ratio will get more better :)
Additional LVL added. 2800 (spike below previous lows) is a good Grade AA SUP LVL for picking up longs in larger TF
For larger picture and more important LVL's, see the related 'IDEA'
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