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 :)
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.