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meszaros
Dec 3, 2019 3:01 PM

CLF long entry NOW.  Long

Cleveland-Cliffs Inc.NYSE

Description

The exchange rate broke on the acquisition of AK STEEL. The degree of decrease is consistent with the fractal correction rule. The ATR endpoints (red rectangle) double, so this rule applies upwards (yellow rectangle). This is an increase in exchange rate volatility. Therefore, there is a very good opportunity to take a long position.
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