IvanLabrie
Short

X: Massive top spotted

NYSE:X   UNITED STATES STL CORP NEW
We can enter shorts in any way you prefer here.
Stops should be above 18.89, the rest is up to you, can be an options play, or shorting stock .
Targets are a retest of 12 initially, but I can see it hitting 7 in the intermediate term.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Comment: Free falling.
Comment: Monitor the reaction to 12.25 once we're there. We should see steady downward momentum for at least 4 more days.
Comment: And I'm free, free fallin'
Yeah I'm free, free fallin'
Comment: First target hit practically...maybe reduce exposure, or hedge it by going long AUDUSD/FXA perhaps.
cheers mate i love a good top. There is a nice adam and eve double top close to forming @ UDG Healthcare backed up by two previous head and shoulders if your interested in analyzing.
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IvanLabrie PRO wolfstreetswinger
Hi, thanks.
Yes, it's worth a try for sure.
About HDG, let me look.
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sure is thanks, market caps a bit higher with udg but not beyond reason.
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wolfstreetswinger wolfstreetswinger
sorry its lower ignore that
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IvanLabrie PRO wolfstreetswinger
UDG, my bad.

Watch this level, if price stay below it today, the short would be extremely safe.
You could enter at market I guess.

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No probs, and thanks Ivan.
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I think I will cover you)
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I'm in the trade still, will take patience.
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xiiimik IvanLabrie
X is on multiyear support line. Commodities going higher. It might get to 20. Then maybe back. Thanks for your opinion.
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Better post your chart here. About long term uptrend viability, maybe, but I think a retracement is due and not yet complete.
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xiiimik IvanLabrie
You are right. Still good to short?
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Yes, you can use a stop at yesterday's close. Or trade it with options (better)
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thanks im in at 16 and we have movement :)
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IvanLabrie PRO wolfstreetswinger
Let's see how it goes. Good luck!
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What do you think of COPPER, and companies like FCX? I guess long. Thanks.
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Hi, I wouldn't go long copper yet, nor FCX.
It's uncertain still, and mostly a bearish scenario in the intermediate term.
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Unless we move higher than the top red horizontal line here today, we could see continued selling in copper. Once below the next red line, downside would open up considerably, implying a steady decline to test the previous lows initially.
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what you think Ivan? Cheers
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Can't see the bars properly, so I can't comment on it. I'm guessing the channel intersections are your signals.
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Wow, it has called quite a bit. Another great call that came from the key hidden levels chatroom.
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