I understand the effect of a bull trap, after having trades stuck in a couple. But how are they formed? What causes their creation?
It seems to me that a bull trap (at first glance) would require the combined efforts of a great many traders, but I seriously doubt that is the case.
I did a search for an answer using the search function but got so many that weren't associated with my question, so I'm hoping someone can provide an answer here.
It seems to me that a bull trap (at first glance) would require the combined efforts of a great many traders, but I seriously doubt that is the case.
I did a search for an answer using the search function but got so many that weren't associated with my question, so I'm hoping someone can provide an answer here.