SBI 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

--------------------

1-17-2024
RED TrapZone with Divergence after Green UMVD. Lets see what shows up after the divergence on UMVD.

Note

Intraday Settings - 1 second Renko

Note

RED UMVD keeps pulling the prices down. GREEN TrapZone and RED UMVD means conflict. Confirmed with Gray BARS

Note

Daily Analysis

Note

GREEN TrapZone and GREEN UMVD at the moment. Prices are in a Range so Will have to wait for momentum.

Note

GREEN TrapZone may show up soon. we have GREEN UMVD pushing the prices up.

Note

RED TrapZone = DownTrend. UMVD in Divergence though ...lol

Note

Selling is resuming with RED UMVD and RED TrapZone forming again.

Note

Hourly Check in - Prices formed a RED TrapZone with RED UMVD pulling the price lower. Currently bounced from the key support level back close to the TrapZone. Very typical - to Trap Buyers.

Note

Latest Intraday

Note

Side ways at the moment

Note

At the moment

Note

Side By Side Analysis - Bulls Brought back the Up swing. Currently the TrapZone is RED BUT FLAT. So its a Pause.

Note

Bulls are in control, selling is not having the desired effect. Careful - UMVD is building a divergence. If we Get GREEN explosion :)

Note

Buyers kept coming and Here we are. Class B entry on Hourly is CLass A entry on the Renko ! Time for a Retrace, Hr Bars are GRAY so UPside momentum is not there.

Note

Short Term Profit taking in the recent sessions. Long Term Trend is Strong with WIDE TrapZOne

Note

Hourly Technical Analysis Check In
Angle 6 is close by as support for the Up Trend. You can see eth current retrace started around 23rd Feb with RED UMVD. I believe the Reputational Risk is going to derive the customer base to private sector banks after all...

SnowflakeTrader

Visit snowflaketrader.com to get access to Free & Premium resources for Traders

Email : support@snowflaketrader.com
WhatsApp (Messages Only) : +1 341 345 8266
Discord : snowflaketrader

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.