4 Legged Dog Trap
Price Structure Trap Pattern
Last updated
Price Structure Trap Pattern
Last updated
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.
The 4 Legged Dog Trap pattern works just as well for shorts as it does for longs:
This trapping price pattern is usually hidden on time-based charts, giving AlgoBox™ users/traders yet another edge in the markets.
Recognizing a potential 4 Legged Dog Trap before it completes is critical to managing risk and stalking trades.
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