The RUT Classic Bull Trap

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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?
Uwaga
Profit taken on shorts 2190.

Would like to short bounce.
Uwaga
Back in 2250
Zlecenie zamknięto ręcznie
Out shorts 2200
Uwaga
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
Zlecenie aktywne
Back in shorts
Zlecenie aktywne
Big shorts on this now.
Chart PatternsHarmonic PatternsTrend Analysis

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