CLF LONG.

23 kwi 2021

CLF LONG. My analysis highlights a useful entry technique. This is the 3-point ATR axis touch. This technique focuses on the 3-point touch. Whether it is done on ATR axis or local axes is a secondary issue. In the case of the CLF, the ATR axis touch seems to be explained at the moment. The rule is, if a movement stalls three times at a certain level, there is a good chance that it can no longer cross. In our analysis we can see that the price movement bounced upwards from the ATR axes three times. This means that we can expect a strong uptrend in the future. It is not part of the current rule system, however, I note that the second ATR axis is steeper. On the one hand, this means that the volatility of CLF is increasing, and on the other hand, it means that its rise could accelerate. So, the rising wave sequence (second) shown in the figure will reach the next target price (25.76usd) faster