Looks like CLF is going to pullback to the 9MA soon. My guess is that today's candle will be Bearish. I predict it will attempt to pullback to the 9MA and bounce again to continue the bullish move.
Note
The Bearish volume today was not that strong. Thursday's candle will more than likely be Bullish.Note
Wow, my original analysis was correct. It is a trend reversal but it'll probably bounce off the 9 or 50 MA.
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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.