A couple of points to consider:
- We have retraced the exact same amount as the entire 2014/15 retracement.
- The Ichimoku clouds here are repeating the same pattern now as in 2014/15, and you can see we are proportionally the same distance from the top of the larger time frame cloud (red/green) now as then at the 2015 bottom. In addition our position relative to the smaller time frame cloud (purple/blue) is also the same.
Komen:
2014 fractal comparison. I think the "bull trap" was actually end of last year. Compare fractals: Jan dump, April pump, June bottom, Aug P&D, Dec bottom, Dec wick, and... Feb 24 dump which coincides with final capitulation on fractal.
