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In Image 1, AL discusses the concept of the second leg trap, highlighting features such as a trading range with weak follow-through bars, a failed breakout attempt, and traders engaging in buying low and selling high. This often results in a vacuum effect on either side.
Comparing Image 2 to Image 1, both depict a bull breakout bar closing significantly above the high of the past 40 bars. The query arises: why might traders choose to buy the bull close in Image 2 without waiting for additional information?
While Image 1 has fewer bull bars, they are substantial, being drawn into the upper part of the trading range. In contrast, Image 2 displays more consistent price action with multiple bull bars. Despite this, both scenarios remain within a trading range.
One difference I notice is where the legs started. From my understanding a 2nd Leg Trap is a strong move (or 2nd leg) INTO the top or bottom 3rd of a TR.
The bearish leg in Image 1 started in the middle 3rd and pushed into (and past) the bottom 3rd. It also closed with a prominent bottom wick. This is the area where one might expect to find buyers, and after two inside bars they did come in and produce 2 legs up to the top 3rd.
In contrast the bull BO bar in Image 2 actually followed two smaller BL legs and originated in the top 3rd of the TR, a place where we would expect sellers, but instead got a BL BO that stayed near it's close for another 2 bars before pulling back.
