The RUT Classic Bull Trap
Updated
Over the last years RUT has formed a textbook version of the "Return to normal" bull trap.
Recently it spiked in a W pattern into the resistance level that stopped the 2021 rally.
Suddenly, people who've never mentioned RUT before are explaining how this is a critical bullish breakout.
What could possibly go wrong?
Recently it spiked in a W pattern into the resistance level that stopped the 2021 rally.
Suddenly, people who've never mentioned RUT before are explaining how this is a critical bullish breakout.
What could possibly go wrong?
Note
Profit taken on shorts 2190. Would like to short bounce.
Note
Back in 2250Trade closed manually
Out shorts 2200Note
Easy part of the short over now. Waiting to see if it breaks to form a downtrend. But this is the point sellers have face rip risk is this is a butterfly. Cautious now.
Trade active
Back in shorts Trade active
Big shorts on this now. 
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