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Steel had a good run, but it showing signs of weakness.

Steel had a good run, but it showing signs of weakness.

Steel had a massive rally from the March 2020 low. Not calling it just yet but it sure does have all the symptoms of a top:

Extended run. 3 legs usually end it. Topping weekly 9 being bearing engulfing bar. Printed a weekly 13 sequential on the way back up with low volume and this last week see big volume down.

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