Bullish Divergences should allow CLF to retest 11s
We are seeing very clean bullish momentum divergence from the mac-d histogram, mac-d signal lines, and RSI. I'm looking for CLF to retest its previous swing point high for nice 1:2 R/R with stops under the recent swing low. RSI also happened to close above 50 for the first time today coming off its recent swing low which never hurts.
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