Want to go over what a short trap is on HKD right here. This is from a week or two ago now I Don't know the exact date, but what we see here is this particular Wick breakdown under another very important low. in fact a few important lows but mainly this one um by just a couple of sets about five cents and what that does is it allows for one Longs are selling their position right. they got stopped out theoretically or and or shorts also start piling in, especially on disciplined shorts piling in as that low day breaks expecting it to start plummeting and in the case of HKD it instantly recovers indicating one, um, any short that just got in is now under water and any long that just sold there probably now wants to buy back and now this was a little bit more delayed.

However, what we saw that led to was pre-market the next morning was a massive squeeze indicating that shorts that may have piled in there didn't get out right after that short trap right after that perk and eventually ended up getting squeezed big time. Look for these: instant recovery Wicks every time for a short trap.