06.09.2022
#MT
One of the world's largest steel producers, ArcelorMittal SA, intends to close two plants in Germany due to a sharp rise in electricity costs.
The trend is downward. On the H4 timeframe chart, an "inside bar" reversal pattern has been formed. Awesome Oscillator indicator shows bearish divergence.
Trading idea:
Sell on the breakout of 22.256.
Stop Loss: 22.740.
Target levels: 21.750; 20.910.
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