Trading idea for ArcelorMittal (EURONEXT)

#MT
The overall trend is ascendant. The descending structures of the H4, H1, and M15 levels are truncated at the moment. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicator signals oversold conditions.

Trading idea:
Buy when an ascending wave pattern is formed, where wave (A) breaks through the inclined channel of the downward truncated structure.
Stop Loss is under the local minimum.
Target levels: 29.12; 29.72; 30.70.

Author: GC
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews
Log in Registration

Don't have your language?