This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (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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1-15-2024 Up trend with GREEN TrapZone but RED UMVD at the moment causing price to move sideways.
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On Hourly - Green TrapZone is new and Bars are still GRAY.
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On The Daily
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Latest - Green TrapZone and GREEN UMVD
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GREEN UMVD After Divergence took the prices up Green TrapZOne is Forming
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Selling shows up on UMVD, bringing the price down a bit.
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Intraday analysis - Prices went up over the GREEN TrapZone with GREEN UMVD
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RED TrapZone formed but with GREEN UMVD pushing the price higher again.
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Hourly Check In - Strong UP Trend is in place with GREEN TrapZone. Prices are retracing with RED UMVD. BARS Are GRAY so doing nothing.
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Latest Intraday
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Latest Intraday
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Side by Side Analysis - Trend is strong over all with a retrace in place at the moment.
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Bulls Got this one too !!
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Looks like sideways with a very WIDE range. Gray Bars at the moment. Keep an eye on the UMVD on the short Term Renko for quick response.
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Have you tried the TrapZone Pro & UMVD - It is a complete system! Short Term GREEM UMVD supports the Up move on Renko.
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Hourly Technical Analysis Check Ins Angle 3 is strong with very shallow retraces. seems to like the market is saving the parabolic moves for later :)
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