X

1Y
RSI is trending up.
MFI is trending down.

5Y
RSI is trending down.
MFI is trending down.

ALL
RSI went oversold and is in a down trend.
MFI is trending down.

There is a gap around $12.

Prediction: Given that the indicators are showing bearish trends, RSI went oversold on the ALL timeframe and there is a gap at $12, we will fall going towards $12.

For my educational purpose, not to be used as financial advice.

Comment:

Well, pre-market already down 5%.

Iron prices fell 20%. This is because China is placing curbs on steel production, so a lot less iron ore is needed.