#MTL Metal 1HR chart has seen a Kumo breakout

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EDIT: Image failed to upload.

Summary

Metal is showing an uptrend on the 1 hour chart. This has been confirmed using the following signals:

1. TK cross

2. Price has broken out above the cloud

3. Lagging span is above price

4. We have a bullish cloud ahead of us

Things to look watch for:

1. C-clamp formation looks likely, which also signals a good time to buy in. If the RSI drops below 50, price will start to drop towards the Kijun, which will act as a support. Once we bounce off the Kijun, this confirms support and is also an entry confirmation.

Chart Settings

Ichimoku 1HR TF (20/60/120/30) for conservative signals

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