Arcelormittal hit Target 1 at R3.44 and now there's trouble
ACl broke below a massive Inverse Cup and Handle. And only today did it hit the Target 1... If the price continues to drop, we can see this going into cents territory.
Right now price is king, so no matter what you're reading with projects and strong fundamentals - this is where people buy and lose their shirts because the market continues down OR continues sideways for a long period of time.
Right now price is king, so no matter what you're reading with projects and strong fundamentals - this is where people buy and lose their shirts because the market continues down OR continues sideways for a long period of time.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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