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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1-23-2024 Strong downtrend with RED TrapZone established for days now and RED UMVD continues still. Bunch of Trapped Buyers Spotted!
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Intraday Analysis - 1s Renko Setting
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Hourly Candle Analysis
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Daily chart analysis - Gray Bars closed the Gap Above TrapZone
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Latest - Intraday Settings. GREEN UMVD after multiple Divergence is pushing the prices higher. we have a thin but GREEN TrapZone Formed
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Prices in UP Trend with strong GREEN TrapZone RED UMVD is retracing the prices a bit
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Hourly Check In - Price bounced from support twice. Now GREEN UMVD puts the prices in RED TrapZone for a retrace.
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Latest Intraday settings
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Latest Intraday
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Side By Side Analysis - Very Much Sideways. Nothing to see here !
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Short term retrace possible. Profit taking is already in progress. Watch for VIX roll in 3 day
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BIG GAP between the TrapZone and Price. BAR Color is Green - It may retrace. Very Strong Trend :)
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Strong Up Trend. Do you see the class A entry!
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This is a good one - showing Class A & B entries here. Long term Trend is intact with some Profit taking evident on the short term Renko.
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Hourly Technical Analysis Check In UMVD Gave early warning about this sell off. We broke long term trend angle 7 and now have established DOWN Angle 4 heading to Angle 6 (Up Trend). UMVD is still red.