Bear trap follow through-Bullish

A double top buy pattern occurring immediately after a bear trap pattern triggers this pattern. It is a 6-column pattern.

1 – Bear trap pattern (Please read the Bear trap pattern description)

2 – Double top buy pattern

The breakout should not be preceded by a double bottom sell signal.

This is a follow-through pattern to a major bullish pattern like a bear trap that confirms the earlier pattern and presents an affordable bullish trade opportunity.

Follow through on the bear trap pattern confirms the bear trap pattern because it did not fail immediately. Also, it demonstrates the strength of the bulls and provides an affordable trade opportunity.

Prashant Shah explains this pattern in his book on P&F charts.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.