CLF was in a long term strong bear channel that broke out to the upside on a climax in late July and is now in the process of pulling back to retest the trendline.
The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it.
There is such strong selling that I think the best the bulls will get after the test is a broad trading range (between 16.50 and 14.50).
14.50 is a good buy zone once we see a nice bar/ candlestick reversal
The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it.
There is such strong selling that I think the best the bulls will get after the test is a broad trading range (between 16.50 and 14.50).
14.50 is a good buy zone once we see a nice bar/ candlestick reversal
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.