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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2-1-2024 Sideways Momentum with RED TrapZone established now and GREEN UMVD continues still. Price swinging UP & DOWN around the TrapZone. Cant seem to find a direction.
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Intraday Renko Serrings - 1s Refresh You can see the back and forth here, volume as shown by UMVD is KING
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Hourly Check In
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Daily Analysis - we are in the MIDDLE of nowhere
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Side By SIde Analysis - Retrace with RED UMVD on a GREEN TrapZOne
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Seems like Buyers are Pushing the Prices higher. Class A entry started, GREEN UMVD on Renko takes lead.
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Hourly Technical Analysis Check In I have to say The Market Makers for FTSE100 are brutal. Every up move is followed by a big time sell off to a "Higher Low" only slightly that the previous. Current uptrend has gained the "usual Momentum" - Will it snap back now ? Keep an eye on the UMVD.
@achraf_khmiri, Thank You for your kind words. Let me know if you want to try these indicators at some point. We have a free trial for you to take these for a spin.