BillyStaples
Long

Bullish Symmetrical Triangle - CLF

BATS:CLF   CLEVELAND CLIFFS INC
213 3 2
Symmetrical Triangle formation. 5 points have formed. We're past the typical 1/2-3/4 breakout point of the triangle, so if it occurs, it will soon.

Volume decreases through pattern formation as expected. Consolidation may be nearing an end.

Target set at ~$34 mark.
Actually a bearish sym triangle and a bearish divergence starting from 26 and your marked point 2.
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Intresting
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What is the buy price you are looking at ?
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