Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Bear trap analysis reposting of link & my observations:
Based on this excellent link below, note the "low volume uncertainty" tell - its listed at the bottom of the article in "conclusion."

Note also how the bear trap charts look just like ZN's recent chart activity. I post this again because I was actually wondering to myself why the volume was lower than expected yesterday on the pullback in price.... Seems to now fit the bear trap pattern.
https://tradingsim.com/blog/bear-trap-stocks/


from the article link above at the end "Conclusion":

It is called a bear trap, because this chart pattern often lures traders into short positions only to quickly reverse to the upside.
Bear traps could sometimes be identified and avoided.
Some of the tools, which help us against bear traps are:
Volume Indicator – low volumes represent move uncertainty.
Fibonacci Levels – price tends to bounce from crucial Fibonacci levels.
Divergence Tools (like Oscillators) – Bullish divergences imply upward price move.
Price Action – patterns could often contradict to bearish breakouts.
If you find some of these four signs during bearish breakouts, this could be a bear trap.
Spotting bear traps help us avoid them.
Bear traps could easily be hedged simply by putting stop loss orders on your trades.
The opposite equivalent of bear traps are the bull traps.
Bull traps act the same way as bear traps but in the opposite direction.