Bull Trap

Bull Trap

An indication that a security's declining price has reversed itself, causing some investors to buy it. Unfortunately, the reversal is short-lived or non-existent and the security continues to decline. Investors who have bought after a bull trap indication often have a difficult time unloading their securities because they cannot find buyers. See also: Bear trap, Bear market.
References in periodicals archive ?
It's D-Day for euro bulls as we look to today's meeting of the European Central Bank (ECB) to see whether the breakout can be sustained or whether this is yet another bull trap in an ongoing downtrend.
"We could be looking at an historic bull trap. Market sentiment may turn bearish by October and November.
The March to September 08 sideways trading within the range $35.00/$45.00 resolved to the upside with the "High Pole" pattern at $47.00 which reversing back to the downside turned out being a "Bull Trap" pattern.