Wyckoff Analysis of Cliffs Natural Resources $CLF

Barron's published a list of value stocks in this week's edition. There are some nice charts and some ugly ones (see Transocean RIG). One of the best setups, I'm my opinion, belongs to Cliffs Natural Resources $CLF. I have attached the weekly chart and labeled the classic Wyckoff psychological events. This chart is a classic bottoming pattern with a well defined exit point if CLF cannot hold price.