This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (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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1-15-2024 UP trend with Green TrapZone and UMVD. Price has not retraced to TrapZone yet. Strong momentum up.
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On an Hourly Candle chart
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Intraday i.e 1 second rRenko view. shows buying takes the Price higher
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On the Daily
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Latest
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Strong Down Trend - Intraday Settings. Divergence in place, lets see what shows up after that
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Latest - Prices went down with RED UMVD After divergence. Now GREEN UMVD is pushing the prices slightly higher. TrapZone is Still RED
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Prices go higher with GREEN UMVD after divergence. Trend is up with GREEN TrapZone.
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Latest Intraday - RED UMVD after Divergence gave early signal of selling and the Prices were pulled down.
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Prices churning lower with UMVD Pushing the bids around
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Hourly Check In - Price bouncing at a KEY Level. RED TrapZone formed and UMVD is RED. KEEP Both EYES open.
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Latest Intraday
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Side By Side Analysis - Buyers may be trapped in the short term Renko starts trending down again with RED UMVD. some buying has stalled the decline at the moment.
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Green is GREEN ! we are going up at the moment
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Trend is sideways. So volume may slosh the prices UP and DN/
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Bullish Price action is shifting the Trend to UP at the moment
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Hourly Technical Analysis Check ins Probably one of the strongest price action across Major Indexes around the world. It has not gone parabolic YET. Others may have overshot. Angle 3 is good for now. Current retrace is ongoing evident with RED UMVD