4 Legged Dog Trap

Price Structure Trap Pattern

The 4 Legged Dog Trap is a price pattern that often catches traders off guard. It typically reverses direction after the fourth leg, trapping those who enter too late on the fourth leg.

Example of a bullish 4 Legged Dog Trap, which can lure new sellers at the bottom (4) but then quickly reverses up.

The 4 Legged Dog Trap pattern works just as well for shorts as it does for longs:

Example of a bearish 4 Legged Dog Trap, which can lure new buyers at the top (4) but then quickly reverses to the downside.

This trapping price pattern is usually hidden on time-based charts, giving AlgoBox™ users/traders yet another edge in the markets.

Example

STUDY: Vinny E. Mini shows a Flag Layout screenshot of a 4 Legged Dog Trap - a good example with Order of Operations.

Recognizing a potential 4 Legged Dog Trap before it completes is critical to managing risk and stalking trades.

Video Tutorials: 4 Legged Dog Trap

WATCH: This short video explains the 4 Legged Dog Trap strategy.
WATCH: Vinny E. Mini teaches the 4 Legged Dog Trap Strategy in this video tutorial.

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