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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2-25-2024 Strong Upside Momentum with wide GREEN TrapZone established for a while and GREEN UMVD continues. Class A Entry at the top of the TrapZone.
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Daily Chart Analysis - Retrace In Progress. GRAY Bars mean no Downside momentum. Watch for RED UMVD + Red Bar for Reentry on the SHort Side.
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Latest - Profit taking brought the prices down. In the short term Renko - Buyers push the prices back up
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Hourly Technical Analysis Check In Market is wedging between the two trends Up & Down. It may get more volatile soon.