USX1 trade ideas
probably the best looking chart in the market!!Presuming a Biden administration could ease tariffs imposed by the Trump administration, we should see relief in the steel industry and a renewed upward trajectory.
Bearish Divergence with some big gapsRSI was pretty high on start of diverging line. Those 2 big gaps up look pretty FOMO heavy as well, would like to see a big red volume day to confirm reversal.
"X Gon' Give it to Ya"THE FUN:
Don't get it twisted
This commodity rise is mine, fellow investor
It's not a QQQ game
Forget what you've heard about lack of infrastructure spending
It's what you hearin'....the market knows
X gon' give it to ya (what?)
Forget waiting for you to get it on your own, X gon' deliver to ya (uh)
Knock knock, open up the door fibonacci levels, it's real
With the non-stop, pop-pop of stainless steel
Go hard, getting busy wit it
Bullish on X.
THE ACTUAL DD
PICK (ETF) is breaking out.
X LongLong term Down trend Channel breakout
Wedge breakout
Demand Zone Confirmation
This is a longer term plan, target for 13 months.
Entry 10.5
Stop 7
Target1 19;
Target2 27;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Swing trading chart analysisAt this moment, looks like R1 is broken and uptrend to 9.5 likely, either it breaks or fails and comes back down.
PT: $9.5
IF it rises past. stop loss at $9.49 and PT #2: $10.14
$X United States Steel $10.00 Within Days
Getting quite a pump by the media and TWTR in recent days,
looking for a move to $10.00 this week before much higher targets come into play.
This is a infrastructure play that is rallying on the promise of spending by whomever becomes the next president.
Very close to a golden cross while volume is also bullish.
united states steel corpneeds to bearish retest $20 before dying
needs to reclaim $20 before moon
win/win
US Steel (X) is above resistence.If it bounces off resistance ($8.12), it will turn to support and I'll open a long trade.
NOTE: Not trading advice. Please research your trades accordingly.
Taking a close look at US STEEL XI really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden bearish divergence it's been forming for months..Be smart and stick to price direction. It could flush 50-60% lower before finding a final bottom..In my opinion it might be best to wait for confirmation of trend change and strength.
X ProyectionPara debatir análisis.
Triangulo simétrico.
Podría romperse sobre los 3/4 del ancho
Aumento de volumen en las últimas ruedas
$X Unites Stated Steel on Alert Above 200ma.
X has reached a pivotal point, now sitting below
the 200ma, we may get a nice rally on a break above.
Alert set for $8.60,
Take note that a back-test of the MA is very possible.
will X break to new highsmight be a good chance - wait for the break above line.
protect your poss. pls.
UPDATE: X OCTOBER 16TH 9 COVERED CALL... with a cost basis of 13.44.
Notes: I've been working this one for a very long time (See Post Below), chipping away at cost basis.
