APPLE Analysis - Continuous, Just as the Markets !

Updated

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
GREEN 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 Chart
Strong RED TrapZone, Red Bars Just showed up now.
I think we will see RED UMVD today as you saw in the intraday setting chart above.

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Daily shows Price is back inside Green TrapZone with GRAY Bars, so No doing nothing on this time frame.

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Latest - Red TrapZone, UMVD now has divergence will wait for color check after that. Price is at Bull Trap Location

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GREEM TrapZone is saying Prices will go higher. We have RED UMVD at the moment after divergence which typically means selling pressure has started. SO keep an eye here

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Price action is very TIGHT LIPPED, we are still over a GREEN TrapZone with Divergence in UMVD at close.

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RED TrapZone with RED UMVD stated again. Its slow but there its :)

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Hourly Check In - Prices rose and GREEN TrapZone formed with the help of GREEN UMVD. Now RED UMVD brings the price back in the TrapZone for a retrace. Bars colored GRAY so - no upside momentum yet. wait for GREEN UMVD and GREEN bars for continuation to the up side or it may retrace deeper.

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Latest Intraday

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Latest Intraday

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Side by Side analysis - Prices came back to RED TrapZone - classic place from when a DOWN trend may starts. Keep an eye on the Short term Renko for RED TrapZone to confirm the down trend with RED UMVD.

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RED TrapZone just started print, watch for a Class A entry on the hourly below the RED TrapZone

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Strong down Trend had some retrace with few Buyers pushing the price higher. Sellers attacking again now.

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Retrace is in progress. 1 wave complete.
Trend is still down

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Hourly Technical Analysis Check In
Long Long Term Trend is at angle 11 and has not been touched for years now. Down trend is the short term trend with angle 2 formed now. Will also post the Daily for a better view of the long term trend.

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Here is the Daily for a long term view

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