Hey guys, MAGNITOGORSK IRON & STEEL is in a great historical moment we are going to witness a new high in its history. It is in a bullish push with low buying volume, then high early trading volume to confirm the rise and a hammer candle shape. On the TIMEFRME M1 we see a kind of hammer candle with a purchase volume feedback issued, it goes towards the top for a new test of the equilibrium zone. Big possibility of breaking out the price at the same time the zone to access another and go for a new historical high.
Then go to the top of the equilbre zone for test and breakout with thereafter a symbolic number of 59,000 to go test the top of the bullish channel.
Please LIKE & FOLLOW, thank you!
Then go to the top of the equilbre zone for test and breakout with thereafter a symbolic number of 59,000 to go test the top of the bullish channel.
Please LIKE & FOLLOW, thank you!