- Notice 4 month flat top broadening pattern for VALE from July to November
Resistance line was set to 12
VALE quickly ramped up from 11/02 to 11/09 as a reminder that something big was going to happen soon. So, it was the time to prepare and watch the pullback
Shallow pullback 11/13 and 11/16 at 11.5 was a final reminder that VALE was ready to rally above 12
Thus, 11/17 was the perfect timing when VALE crossed 12 line and we got in at 12.57
VALE did excellent by running all the ways for the next month and finished with +34% without looking back.
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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.