Rykin_Capital

U.S. Express Expressing down fullsteam. USX

Short
NYSE:USX   U.S. Xpress Enterprises, Inc
Broke the floor a week or so ago. This is a classical sign for a Wave C confirmation (most commonly) or a new zigzag . We might have a new zigzag here. Looking at the character of the wave action post most recent drop, spells bearish to us - an interim Wave B perhaps?

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!

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