This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-18-2024 GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment. Immediate support around 975 price area
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Intraday 1s Renko setting. Mostly Sideways at the moment
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Hourly Chart analysis RED TrapZone is barely starting. with RED UMVD. BARS Are RED too. can be a BEAR/BULL Trap here
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Daily analysis GAP over GREEN TrapZone closed after RED UMVD for a while that started around the TOP. RED UMV in place at the moment.
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GREEN TrapZone and GREEN UMVD just starting. we can see prices pushing higher. I would keep an eye on GREEN BARS and that UMVD stays GREEN.
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Up Trend with GREEN TrapZone but RED UMVD pulls the prices down.
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Prices surrendered to RED UMVD - I think we have Trapped Buyers again here.
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Latest - Buyers seems to be coming in but the price is not responding. The RED TrapZone is Intact and price is not travelling above to change its direction
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Hourly Check In - GREEN Coming in after the Divergence at the current bar pushing the prices.
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Latest Intraday
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Latest Intraday
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Side By Side analysis - Very Choppy as the Uptrend is trying to catch some steam. GREEN UMVD On the short term Renko shows Bulls operating.
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Still choppy and sideways action.
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Continues with ZiG Zag and Trapping everyone. In retrace to the downside at the moment.
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Seems like its Breaking Up now. Class A entry was clean and Buyers building the Trend on the Renko.
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Latest - Great Class B Entries were notes. Short term Profit taking is evident on the Renko UMVD. It may retrace ?
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Hourly Technical Analysis Check In Definitely strong Trend Up with Angle 8 - Mature though. Look for parabolic climax