This is the top of the Red Line. It is -3 standard deviations from the mean and is considered a Super Abnormally low-price movement. Z3 Pinch (Z3P)

Z3P occurs when the Z3 lines are squeezed to less than 1 Frog Box (FB) for intraday trading. This is a measure of abnormal squeezitude. Please note that the Frog Box is calculated based on the daily bars for intraday trading.