Looks like CLF is going to pullback to the 9MA soon. My guess is that today's candle will be Bearish. I predict it will attempt to pullback to the 9MA and bounce again to continue the bullish move.
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The Bearish volume today was not that strong. Thursday's candle will more than likely be Bullish.
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Wow, my original analysis was correct. It is a trend reversal but it'll probably bounce off the 9 or 50 MA.
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will 10,80 be the re-bounce candidate ? 38 or 50 Fib.. will see