Silver What a bear trap looks like.

September 21st I think this is a good example of what a bear trap looks like. the market trades down to a support and then it starts systematically trading higher and creating minor higher high and higher low patterns as if it's a trend... suddenly the market takes a steep nose thighs lower.... but not making a new low.... and finds a very quick reversal and almost gets back to where it started in a bar or so depending on your time frame. I would treat it as a manipulation by the smart money to take out the original buyers who were profitable and it does it in one bar. In this case it gave back about $4,000 of a $5,000 trade but very quickly comes back to where the market reverse lower in the first place. Probably tomorrow we'll see this market moving to a new high..... time will tell.