US steel could be reversing soon
While the macro has been bringing bearish news, you can’t cover your ears when the TA gods reach out.
Reasons for reversal:
- price near .886 pcz of huge weekly harmonic
- weekly bullish divergence on both indicators
- daily and 4h divergence on macd
- daily gap to fill at $13
- Trump to further deregulate US menufacturing
This should be a position trade held for over one year, leverage not recommended.
Disclaimer: this is not financial advice, please do your own research before opening a position
Hey everyone! If you enjoyed the idea please give a like and a follow.
Appreciate the support and much more to come :)
Reasons for reversal:
- price near .886 pcz of huge weekly harmonic
- weekly bullish divergence on both indicators
- daily and 4h divergence on macd
- daily gap to fill at $13
- Trump to further deregulate US menufacturing
This should be a position trade held for over one year, leverage not recommended.
Disclaimer: this is not financial advice, please do your own research before opening a position
Hey everyone! If you enjoyed the idea please give a like and a follow.
Appreciate the support and much more to come :)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.