IvanLabrie
Short

X: Time to reshort has come

NYSE:X   UNITED STATES STEEL CORP
We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas.
Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break under this zone as well.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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!

Ivan Labrie

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.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Trade closed: stop reached: Scratch this one for now.
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