Cleveland-Cliffs Inc.
Short
Updated

Cleveland-Cliffs

436
Very difficult entry point, but excellent risk management. The stock is still in a long trend, so a trading idea is to retest either the trend line or the support level, which will give us confirmation at the beginning of a short trend and confirm a downward trend.

Let me remind you once again that these are just scripts. If it follows the script, then you can go. Deviations of the script are possible, but it is necessary to redo it competently.

Stop 0.5% Take 1 to 24.

If the scenario works out I will pull up the stop for each previous local maximum.

Don't forget to Like and write comments.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.