CLF rising wave structure…
CLEVELAND-CLIFFS INC NYSE:CLF
CLF rising wave structure. The exchange rate moves in a doubling wave structure. It is characterized by the fact that the next wave structure is twice the size of the preceding wave structure. The (0A) wave distance is expected to be 10.5usd and then correction is expected. I expect the (AB) correction wave to 8.55usd. Then, the second major wave ( BC ) may occur, the target price of which is 17usd.