Charts don’t just show price – they show the emotions of traders behind every move. Look at the this setup in Bank Nifty chart yesterday (17th September) – price breaks the previous day high, breakout traders jump in with buy orders, and keep their stop losses below that breakout candle. The breakout at 9.30 am candle initially failed, But notice breakout candle’s low stayed protected for a long time, where breakout buyers would usually keep their stop-loss. The short setup came at 10:40 AM—when Bank Nifty finally broke the low of the 9:30 am breakout candle. The breakdown at 10.40 am candle confirmed the breakout buyers were trapped—stops got triggered, and Bank Nifty went into a free fall. Later, Bank Nifty came back to retest the 10:30 AM fake breakout candle’s high. That level acted as resistance, and Bank Nifty reversed again. The lesson is simple: Dont short immediately just because a breakout failed. Wait for the breakout candles low to break. That provides a high probability trade. This Trap Trading concept is discussed in Page 189 of The Traders Handbook. https://t.co/XFZbRJUFlR
Vikram P - Trader/Trainer/YouTuberShare


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