Arcelor Mittal blip up before the crash down to 20 cents?

Inv Cup and Handle formed on 28 September 2022.

The price broke below the Brim level and since then it's been a one way trip down to 80 cents.

Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect.

It will then reach R2.20 to test the 200MA and the downtrend line.

Then we will re-evaluate and see if the downside is still imminent to 20 cents.

The analysis still stays.

I like to consider this a Short Investor position.