$QQQ on 15min BEAR FLAG (Potential Bull Trap for close)
$QQQ BEAR FLAG on 15 min
Be careful of a bull trap for close.
Understanding a Bull Trap
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull traps" because traders and investors who bought the breakout are "trapped" in the trade.
What are your thoughts?
Do you think it will drop back to the $268-$270 level?
Comment Below!
Thanks,
Kelly :)
Be careful of a bull trap for close.
Understanding a Bull Trap
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull traps" because traders and investors who bought the breakout are "trapped" in the trade.
What are your thoughts?
Do you think it will drop back to the $268-$270 level?
Comment Below!
Thanks,
Kelly :)
Kelly @angelbaetrades
Instagram: www.instagram.com/angelbaetrades/
TiKTok: www.tiktok.com/@angelbaetrades
Instagram: www.instagram.com/angelbaetrades/
TiKTok: www.tiktok.com/@angelbaetrades