2waytrading
Long

Will the gap get filled? Breakaway gaps don't get filled easy

NYSE:X   UNITED STATES STL CORP NEW
143 0 0
Last 3-sessions there were some price weakness or pull back from this wonderful upside break out. The price broke out from a solid base with huge volume . This qualifies a breakaway gap which happens at the end of a price pattern and signal the beginning of a new trend. If you look at the chart u will see the ascending bullish triangle had a projected price target at and around where FIB 25% falls 34.50 which is now a history. If price pulls back to that level, we will buy.

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