BIDU-A Confirmed Head Fake Move

And  I mentioned BIDU several times and how much I liked it right where we were yesterday, take a look today, this is the point of a head fake and it is the start of the downside reversal in BIDU, already down 3% on heavy volume, remember the head fake motto, "From failed moves come fast moves" and we see these on every timeframe before 80% of the reversals either up or down.

 BIDU's downtrend and the bearish triangle/bear trap which was a head fake reversal, then the counter trend rally we expected and another head fake move.

 Here's the latest head fake breakout above resistance that has now failed, although it i the underlying trade action that separates a real breakout from a head fake move.

 Look at the snowball effect as stops are smashed this morning.

 Here's the 30 min chart in to the head fake area, clearly leading negative

And the 5 min divergence at the actual head fake breakout.

Hope you got some BIDU short.