Not the Macro- but appears we have finished a enormous bullish shark formation- and the images here are subsets to how this plays out over the immediate / semi long term. We have a Bearish Gartley sitting on top of a Bullish Butterfly. Checkpoints are marked top on the butterfly 9.10 and bottom bounce 6.10.
We will have to see where this plays out to.. the C points are always the most difficult to guestimate, but using Gann here and the supports and angles seem to work out (so we shall see). The butterfly always has the capability of running to a Crab and if so US Steel could go as low as 1 dollar a share.. but this would dismiss the MACRO shark pattern so I am not so inclined to go there right now.
Crazy times...but US Steel is a staple of the nation and in a bear market it will need to show and prove why its the powerhouse that it is. It has suffered during a Trump presidency... and so perhaps this formation plays into the possible outcome of the Election in November?
Lets see. This equity moves extremely slow..and so what we call as intermediate forecast can be as long as a year or 2... but overall a long play on X (after 9 dollar retrace on Gartley could be beneficial)...but you have plenty of time for this to manifest - if at all. Lets see.
We will have to see where this plays out to.. the C points are always the most difficult to guestimate, but using Gann here and the supports and angles seem to work out (so we shall see). The butterfly always has the capability of running to a Crab and if so US Steel could go as low as 1 dollar a share.. but this would dismiss the MACRO shark pattern so I am not so inclined to go there right now.
Crazy times...but US Steel is a staple of the nation and in a bear market it will need to show and prove why its the powerhouse that it is. It has suffered during a Trump presidency... and so perhaps this formation plays into the possible outcome of the Election in November?
Lets see. This equity moves extremely slow..and so what we call as intermediate forecast can be as long as a year or 2... but overall a long play on X (after 9 dollar retrace on Gartley could be beneficial)...but you have plenty of time for this to manifest - if at all. Lets see.
Moorsc0de aka Crypt0nomics aka Zaphkiel