Anatomy of a trap

That pink line "Roughly" represents the trendline from the Pennant/consolidation we have been in for the past month. I commented on what a Bear/Bull Trap tends to look like. This is a very good example. But.... in any pattern with Resistance/Support... You want to see a Convincing Bounce, and not a "Playing with" of a Trendline. That "Playing with.." is the indicator that you want to be on Alert for a breakdown of the pattern, or breakout of said pattern. I just wanted to point out the look of a Trap, and what a "Playing with" and not"Rejection" of a trendline looks like.