Nifty50 Falling Wedge: Short-Term Bounce or Bull Trap?

• Nifty50 is trading within a falling wedge pattern, typically a bullish reversal structure.
  
• The daily candle has touched the lower Bollinger Band, signaling a potential bounce, and the RSI at 29 is deep in oversold territory.
  
• While the index continues to respect the downward channel, a short-term bounce of at least 1% is likely to fill the recent gap and test 22,800.
  
• However, a decisive breakout is uncertain, and this could turn into a bull trap rather than a sustained rally.