About meHi, My name is Gurpreet,
I am a Father, Trader, Certified Systems Auditor, Audio Video Content Creator, and a Mentor.
I am passionate about empowering students in achieving their financial goals sustainably.
DOW and Russel showed Buying in the few sessions in the LAST WEEK and today S&P500 and NASDAQ have joined in. UMVD or Unusual Market volume Detector is showing GREEN for all 4 Indices today. Also, US Market Strength Index (US MSI) is showing green in todays session.
Now TREND IS STILL DOWN as seen with the Red TrapZones so, Bulls have a lot of work to do still.
I think there is more downside to TSLA, Right now the relative weakness may put it out of favor for the next few session.
Keep an eye for volume divergence and GREEN to enter log for a retrace/scalp or stay short until Trapzone is RED !
TSLA on a 15 minute chart is showing bullish volume trend as detected by the Unusual Market Volume Detector indicator.
Green color showed up after consistent Red for the last week or so. The bullish Price Action is consistent with the bullish volume trend. Watch out for any Divergence i.e. Purple color in the lower panel. More importantly what color shows up...
Based on analysis of Price Action and Volume together, we can see that current volume is trending higher while the Price has Red TrapZone formed. Therefore there is NO VALID Trade Bias. Price action analysis is performed by TrapZone Pro.
I published a "Volume Only" analysis using the Unusual Market Volume Detector as well to form a contrast. Price action only...
Take Partial Profits as soon as the TrapBars Start Forming. Currently We don't see any TrapBars Forming. The TrapZone Is Green So Wait for Entries back close to The TrapZone, Instead of making a FOMO entry now.
Let us know how "TrapZone Pro" Entries look on the Chart ?
Remember, they occur in Real Time. Check out the TrapZone Pro Script Page for more Information.
Bulls Are At It, Offcourse. When do you take Profits though ? Trap Bars are forming Now.
price Hasn't Retraced to Green TrapZone for about A week. Retrace Is expected back to Trap Shorts and Shake weak Longs - SOON !
Hourly Candlestick Chart of MCL/ Crude Futures with TrapZone Pro
Based on the price movement of BankNifty, 15m Candle chart provides best Technical Analysis. This is Due to Seemingly common Large overnight Gaps.
Currently Price is falling back into Green TrapZone and Trap Bars forming. So No Trades Yet. Stay Long Biased
As you can see we have Green TrapZone forming on all the four major market indices. We can expect a slight pullback and then a move back higher, AS LONG AS - we have Green TrapZOne Intact and moving higher.
Price may pull back into the TrapZone BEFORE moving higher to Trap Shorts. Keep an eye on the OBV trend for confirmation before trading size.
Publishing the TrapZone Pro charts on the daily timeframe for the Top 4 Indian Banks.
They all look Bullish except Kotak Mahindra Bank at the moment.
Will keep this Idea Up dated every few days for reference.
The top 4 Tech Charts look strong and bullish, InfoSys being the weakest of the bunch and chugging along.
As long as the prices stay above the Green Trap Zone we are Bullish on these 4 symbols.
Boost Ideas If you like and lets Go !