currently think.
Mastering the Bear Trap Strategy:
- Bear Trap: A deceptive signal where the price appears to break down only to reverse sharply, indicating bullish potential.
- Breakout and Retest: Look for false breakouts with immediate reversals. These can serve as great entry points.
- Hammer Candlestick: Acts as a bullish confirmation after the price retests the breakout zone. This is a strong buy signal....
- Fibonacci Level: Use Fibonacci retracement tools to find strategic entry points during the retest phase.
Understanding bear traps helps avoid costly mistakes and capitalizes on sudden market reversals ✅
