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.
Cheers
Note
Lets see if this retrace turns out to change the TrapZone Color or not. I am hoping for strength to come back for an up more. Green TrapZone Still Intact. Russel is the one to keep an eye on for weakness.
Trade closed: target reached
How quickly will your Custom Tool Get you out of a Profitable Trade ? Look how efficiently TrapZone Pro, displayed the TrapBar (Gary) as the Market rolled over. Why wait for Stops to Get Hit ???
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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.