Hey Guyz,
since my last update on Arcelor Mittal (Daily Hammer Signal) the share has expirienced a plus of 20% within the last 18 days. The Hammer which we have seen on daily confluenced with the 1.272 extension of former AB leg. Technically I am continuing still bullish on this share. There might be some resistance levels which could retrace the gains of the last two weeks. Anyway on short term there is increasing tension with which is manifesting in a falling wedge. I will keep you updated.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
since my last update on Arcelor Mittal (Daily Hammer Signal) the share has expirienced a plus of 20% within the last 18 days. The Hammer which we have seen on daily confluenced with the 1.272 extension of former AB leg. Technically I am continuing still bullish on this share. There might be some resistance levels which could retrace the gains of the last two weeks. Anyway on short term there is increasing tension with which is manifesting in a falling wedge. I will keep you updated.
Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
