> News flash: the future determines whether right now is a bear/bull trap. Not the past.
No, that's the point. Valuations and sentiment determine it. Human crowd behaviour tends to follow patterns. TA is kind of latching onto that, but it's mostly bullshit. See e.g.
Predictably Irrational
Anything by James Montier, but e.g. this big bad book
https://www.amazon.com/gp/product/B000XPNVP8/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i3