Title
by Americanbulls.com LLC
  • English
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Last Update
22.01.2020
MARKET STATUS REPORT, 22.01.2020
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. On the other hand, we cannot say that the bulls are very happy but they do not want to change their positions yet. Currently, the bulls are slightly stronger but the flow of money is rather balanced. You have to also know that the bears are not very comfortable and they are closely watching the market for a timely entry.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2104>BULLISH INVERTED HAMMER</a>...MT.VI ARCELORMITTAL Close : 14.2120 chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series, Series 6 series, Series 7 series, Series 8 series, Series 9 series.
The chart above shows how MT.VI declined after the SELL signal which was issued on 23.12.2019. Since then, the stock price edged down by a hefty 11.95%. The bearish sentiment may be over now. Our system detected a BULLISH INVERTED HAMMER pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH INVERTED HAMMER pattern, if confirmed, indicates an upside potential of 0.00%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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