NYSE:MT ARCELORMITTAL SA LUXEMBOURG
Entered a short position on this chart. As you can see starting out we have a multi-top going back to around new year 2013 , that was tested 1 year later. From July to December a nice had formed, but as you will see the started to show warning signs of losing momentum. price has since broken through the , and while it did try to rise back above that line has failed. Looking at today's picture I have entered a short position based on those reasons and I used a 3% drop from break as my confirmation for breaks. As a added bonus The is still falling and has also tapered off with the move.