Tip1: Rise in AS Time, continue in EU Time, and then drop before the AM Time is a bearish trap
This need to meet three conditions as follows:
1. In AS Time,the price advances continuously and no sharp drop appears;
2.In EU Time, the price continues to rise and breaks out the high point of AS Time ;
3.In the continuous rise,the main correction is single bearish candle or doji.
Usually,it is a healthy bullish market and the price will continue to increase in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.It is good to buy at the pullback between AS Time’s high and EU Time’s low.
This need to meet three conditions as follows:
1. In AS Time,the price advances continuously and no sharp drop appears;
2.In EU Time, the price continues to rise and breaks out the high point of AS Time ;
3.In the continuous rise,the main correction is single bearish candle or doji.
Usually,it is a healthy bullish market and the price will continue to increase in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.It is good to buy at the pullback between AS Time’s high and EU Time’s low.
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