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From: Lahcim Leinad

12/3/2012 11:15:01 AM

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The dreamer in me went into FBN again cause it flashed a Bear Trap signal: StockCharts.com - Free Charts - Text P&F Chart

Bear Trap

X
X	O
X	O	X
X	O	X	O
X	O	X	O	X
X	O	X	O	X	O	X	<– bear trap (quick reversal)
X	O	X	O	X	O	X
X	O		O		O	X
					O		<– triple bottom breakdown

A bear trap is a triple bottom breakdown followed by a reversal after only one box is made in the triple bottom breakdown. The breakdown is possibly due to stop loss orders or short orders being hit just below the support level, and the quick reversal suggests higher prices ahead.

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