Chart is self explanatory. If this does not hold or bounce aggressively, save some dry powder for 12ish or below…even with all signs pointing to a massive market crash.
White lines on the top and bottom are the major range lines. The yellow lines represent swing levels and trends. I placed a pitchfork analysis and you can see VALE is in a long term uptrend. I expect a break to the upside out of the triangle pattern and continue up inside the upward pitchfork. The next swing line, should it break to the upside, would be the next...
