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ContraryTrader
Jul 7, 2021 12:46 AM

Vale fell through wedge (Short) Short

VALE S.A.NYSE

Description

Rising wedge on daily.
Usually there is a dead cat bounce with this pattern and i wouldnt be surprised if we got a bounce .786 fib before a continuing drop to target 16.70.I know that price drop seems steep but the fallout of a rising wedge usually matches the width of the entry into the wedge
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