DANGER Diamond for ArcelorMittal to 57 cents?Dangerous Diamond has been forming since 2024.
What happens is there is indecisiveness between the buyers and sellers.
And because the prior trend is down, means there is a strong incline of downside to come when it BREAKS below the diamond.
Price<20 and 200MA
Target 57c
Jseacl
ACL LongWill allocate in the coming days if
- price stays above fib level (red-line closest to current price)
- for thesis to stand, price must not break pink trend-line (call it a 'mental trend-line' if you will)
- Volume profile suggests, if price can remain above shaded yellow zone, we could see a rise to 490