Bounce before more down?
Note
Nice uptick here on steel industry upgrade. Shows that the chart incorporates the impact on stock price of unknown events that will ultimately drive it.Note
Took some profit ($19-22 move) and will wait for correction - hopefully to be followed by another impulse up.Note
The longer this basing period continues....the stronger the up move will be.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.