360one given channel breakout,expecting bull trap

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360 ONE has completed the classic five-wave impulsive structure according to Elliott Wave Theory, suggesting that the stock might be entering a corrective phase.

After a channel breakout, retail traders might think a strong uptrend is continuing. However, this could be a bull trap, as the Elliott Wave structure suggests a corrective phase is starting.

⚠️ Fake Rally (Wave B) –
If the stock starts pulling back (Wave A), many traders may assume it’s a minor dip and buy aggressively, expecting another uptrend. This leads to Wave B.

so be cautious

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