Phenlx
Long

Arcelor Mittal on the way to break out the falling wedge?

CHXEUR:MTA   ARCELORMITTAL
41 0 3
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.


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