<https://community.ig.com/forums/topic/742-turtle-soup-anyone/#comment-8887>
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"Bear trap, short squeeze, turtle soup, call it what you want, you need to understand this very real trading concept that catches out retail traders every single time. The problem for retail is the time frame, most use lower time frames for smaller stops whereas big players use a daily chart, on a intraday chart this looks like a breakout and may have even retested the breakout level. The key to avoiding it is to keep an eye on the daily or 4 hour chart but more important is to get very worried it the intraday price is unable to put in new higher highs (lower lows), that is the definition of a trend after all. \nIf you play a break out off the bat expect your entry to be retested, if you have waited for a retest price should not need to retest a second time, just get out. After all, you are expecting price to zoom away after break out and conformation (retest) if it doesn't something is very wrong. \n  \nExplained in more detail and how you can capitalise on it in this Tradeciety article and video here; \n  \n  \n  \nhttp://www.tradeciety.com/bull-trap/ \n  \n﻿ \n"
<https://community.ig.com/forums/topic/742-turtle-soup-anyone/>