Bull Trap Follow Through – Bearish

A double bottom sell pattern occurring immediately after a bull trap pattern triggers this pattern. It is a 6-column pattern.

1 – Bull trap pattern (see bull trap pattern description)

2 – Double bottom sell pattern

The breakout should not be preceded by a double top buy signal.

As a result of the follow-through to the bull trap pattern, the bull trap pattern is confirmed because it did not fail immediatelyAdditionally, it shows the strength of the bears and offers an affordable trading 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.