IvanLabrie
Long

STLD: Massive uptrend in steel coming

NASDAQ:STLD   STEEL DYNAMICS INC
STLD's chart is massively bullish , the same as copper             , iron ore futures             , AUDUSD             , and other correlated instruments. The setup here confirmed some time ago, but it's relevant as an analysis piece now. Most people are bearish on equities but I believe we're seeing the bottom here, or very close. Rising commodity prices seem likely going forward as well, which will benefit the AUDUSD             bulls like me.

Cheers,

Ivan Labrie.
Comment: Target one hit, AUDUSD is lagging this so bad, it'll rally big time.
Comment: You can double the position and trail stops to 35.55 here. Last: 36.68
Trade closed manually: All targets hit, exit the trade.
What a great trade this one really wished i would have seen it ! Good job mate
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IvanLabrie TheDukeUK
@TheDukeUK, thanks.
It's still useful to know this is happening, and specially before hand, for the macro implications.
Now that Trump is the 45th US president, it's even more clear what the sector rotations are, and what trends we can expect to gain traction from here onwards.
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