US Steel … defying kryptonite (?)

CLIFF NOTES: this break out looks real!  So, we have completed a pattern and would look to BUY in/around the 32 level as that should offer support and look to hold this for an investment…. a mirror image foldback is a great pattern to see and fine … basically a PATTERN comes into a level and then goes “out” the same way … the red line in the chart below is the point in price/time that the mirror image foldback starts …what is happening on the right side of the line is happening in the same manner going back up left.  IF this is a CORRECT mirror image foldback THEN we shall see quite the run in “X”….it’s just beginning.  Strategy is to buy the “kiss of the neckline” and then off she goes ….

will update as 32 gets closer in looking at the form/proportion of the pullback that should happen in/around here or perhaps a little higher.

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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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