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FCPO WAVE 4 EXPENDED FLAT

Short
MYX:FCPO1!   Crude Palm Oil Futures
FCPO 26.07.2018

What is a 'Bear Trap'
A bear trap is a false signal as the market create new extreme, in bear trap case, the market create new lower low.
A bear trap prompts traders to place sell short positions as they are expecting the market to continue moving downward after the breakout of previous lower low.

From Elliott Wave perspective, bull/bear trap occur in the case of complex correction wave, expended/irregular flat, running horizontal triangle or combination of double three/triple three.

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