don_shula

FISH HOOK PATTERN ALERT on steel X

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NYSE:X   United States Steel Corporation
On the 15 min chart, IMO, X seems to have found its support right along that 21.18 level. The TTM indicator is Squeezing suggesting that volatility is preparing to make an aggressive move to either the upside of downside. The previous high was just recently tested, although price was rejected, price still maintains a bullish trend. The stochastic still has room to the upside, & The RSI is 45, and its posture indicates potential upside making this a nice fish hook pattern, this is more of a scalping opportunity. btw the sniper indicator just fired a buy shot.

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