- Notice 4 month flat top broadening pattern for VALE from July to November
Resistance line was set to 12
VALE quickly ramped up from 11/02 to 11/09 as a reminder that something big was going to happen soon. So, it was the time to prepare and watch the pullback
Shallow pullback 11/13 and 11/16 at 11.5 was a final reminder that VALE was ready to rally above 12
Thus, 11/17 was the perfect timing when VALE crossed 12 line and we got in at 12.57
VALE did excellent by running all the ways for the next month and finished with +34% without looking back.