GLENCORE Analysis - Continuous, Just as the Markets !

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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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1-23-2024
Strong downtrend with RED TrapZone established for days now. Price retraces with GREEN UMVD but the effect is not the same as RED UMVD - Obviously. Price is retracing a bit again with GREEN UMVD coming in now.
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Intraday settings - Renko
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Hourly Chart Analysis - See the power of TrapZone Pro and UMVD
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Are BULLS Trapped now - keep an eye on the TrapZone if it changes color to RED we go DOWN>
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Latest - Green TrapZone forming again. Keep an eye on the UMVD
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Hourly Check In - Like many other stocks, we have prices at a KEY level. RED TrapZone & RED UMVD means down Trend. Watch for GRAY Bars turn to RED for continuation downward
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Latest Intraday
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Latest Intraday
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Latest Intraday
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Side By Side analysis - It may be ready to roll over if we get RED UMVD after divergence. Hourly Downtrend may restart
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Trend is Obvious with Both TrapZones. Hopefully the Class A entry was a breeze to enter. Sellers are in control.
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Watch out - Bull Trap Possible here
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Hourly Technical Analysis Check In
Up Trend has met its match. The 1st angle of Down Trend is intact while we are making a steep angle 5 up. If it breaks with RED UMVD - we will retrace deeper to 4 and may be angle 3
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Here is a Daily for reference to above comment. RED UMVD in place at the moment on Daily = net selling
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