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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1-16-2024 RED TrapZone with RED UMVD. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)
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1 second Renko setting
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Hourly is all RED TrapZOne, TrapBars, UMVD & US MSI !
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Daily Chart
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Latest - Red TrapZone continues
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Latest/ RED TrapZone & RED UMVD after GReen Divergence took the prices down
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Intraday analysis, RED UMVD had the prices pulled back down under a Fresh RED TrapZone
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RED TrapZone with RED UMVD in place now
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Hourly Check In - Prices below RED TrapZone for a while making it a strong down trend. RED UMVD pushing prices down fast in this last run. GRAY Bar forming as the end.
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Latest Intraday
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Latest Intraday
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Side by Side Analysis - Buying is stalling the price here. Keep an eye on the short term RENKO for RED TrapZOne with RED UMVD to resume a DOWN trend.
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Watch for RED UMVD on Hourly For Retry of SHORTS. Also, That will be clear on RENKO with simultaneous RED TrapZone Forming. Right now Its GREEN trapZOne signifying Retrace,
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Buyers pushed the price higher and a Class A entry detected early. TrapZone is Green so Trend is UP at the moment with GRAY Bars. Keep an eye on the Short Term Renko UMVD and TrapZOne for guidance.
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Strong Down Trend may have been established now. Buying Detected on UMVD on Short Term Renko Chart However It had no effect on the price Action.
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Hourly Technical Analysis Check In Current Down Trend is following Angle 3 at the moment. With GREEN UMVD pushing the price up in a retrace. Believe It or not - There is a Long Term Up Trend with Angle 4 right below around 130/140 area. I think we will go there to find support.
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I know you wouldn't just believe me - :) Here is the Daily to show the STUFF. I know I talk like thaaa....