The RUT Classic Bull Trap

تم تحديثه
Over the last years RUT has formed a textbook version of the "Return to normal" bull trap.

Recently it spiked in a W pattern into the resistance level that stopped the 2021 rally.

Suddenly, people who've never mentioned RUT before are explaining how this is a critical bullish breakout.

What could possibly go wrong?
ملاحظة
Profit taken on shorts 2190.

Would like to short bounce.
ملاحظة
Back in 2250
تم إغلاق الصفقة يدويًا
Out shorts 2200
ملاحظة
Easy part of the short over now. Waiting to see if it breaks to form a downtrend.

But this is the point sellers have face rip risk is this is a butterfly. Cautious now.
RUT Butterfly Squeeze Pattern
تم فتح الصفقة
Back in shorts
تم فتح الصفقة
Big shorts on this now.
Chart PatternsHarmonic PatternsTrend Analysis

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