The RUT Classic Bull Trap

Cập nhật
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?
Ghi chú
Profit taken on shorts 2190.

Would like to short bounce.
Ghi chú
Back in 2250
Giao dịch được đóng thủ công
Out shorts 2200
Ghi chú
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
Giao dịch đang hoạt động
Back in shorts
Giao dịch đang hoạt động
Big shorts on this now.
Chart PatternsHarmonic PatternsTrend Analysis

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