Dear Readers, United Steel looks like the next big cap stock to make a huge move. All the 'stars and planets' (multiple time frames) are now in line for a huge move as the weekly traders stepped into gear. Let's take a look at the multiple time frames.
United Steel (X) Weekly
United Steel (X) Daily Chart - Looking at the market sentiment, what are the odds of X breaking higher above its 50day MA? Very high chance.
United Steel (X) 60-min Chart - Price action resting after breaking out of its 60-min trading range over a period of 3 weeks. A powerful move is imminent. A breakout buy!
United Steel (X) 15-min Chart - Lastly, if you are trading a smaller time frame such as the 15-min chart and your chart is showing you an enormous gain; hold on to your stock. Reason: A higher time frame trader might be coming in to push the prices even higher. Just look at all the above higher time frames which I have posted above and you'll understand.
Trade them well ! Have a great weekend.
United Steel (X) Weekly
United Steel (X) Daily Chart - Looking at the market sentiment, what are the odds of X breaking higher above its 50day MA? Very high chance.
United Steel (X) 60-min Chart - Price action resting after breaking out of its 60-min trading range over a period of 3 weeks. A powerful move is imminent. A breakout buy!
United Steel (X) 15-min Chart - Lastly, if you are trading a smaller time frame such as the 15-min chart and your chart is showing you an enormous gain; hold on to your stock. Reason: A higher time frame trader might be coming in to push the prices even higher. Just look at all the above higher time frames which I have posted above and you'll understand.
Trade them well ! Have a great weekend.
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