gb50k

Steel in strong high-quality trend: use as "higher TF"

Long
NYSE:X   United States Steel Corporation
Strong trend. Can serve as the "higher TF" for smaller TF trades.

POI's:
  • Steel broke out from downtrend
    POC is supporting the main uptrend.
    If already long on the daily. TP at $46.50, the highest price reached by previous peeks
    The anchored vwap is shown below - a close-up of the trend.

Have not chosen a trade/plan yet. Hope this is useful as the "raw material".

Zoom:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.