Possible turning point for US Steel

Alright, folks, let’s take a look at us still the ticker is X, X marks the spot. And we’re running into longer term structure up here into this 3738 area, as noted by this key level. So this level is going all the way back several weeks here, actually several months and years, all the way back to 2018. So let’s actually extend this a little bit further. So you can see. And here we are on US Steel. So this is by no surprise, a reactionary point for us still. And can you see that we started getting bearish divergence signals back here in mid March. And here we are a month later. Starting to look like we’re turning the corner. So that’s why we don’t take these blindly. We want to trade them at structure key structure. And then we also like to take a look at it from a seasonal perspective. And we can see that we’re basically ending is bullish window here that started on around March 25. So we started around, let’s see here, march 25, right around here, and it we’re coming right into the end date of that bullish window and we started bearish window at the end of March and then back to back through the end of May. So we have some high probability seasonal odds as well. And we’ve got all kinds of we’ve got this market is looking a little tired, a little weak at these levels, bearish divergence momentum starting to roll over. And so we’re looking to possibly nibble to the short side here, that’s the great thing about using this method is if we get short, our risk to reward is always in our favor. So we’re going to be looking for first targets down here around 29. And our risk is pretty simple. You know, we start taking out these highs up here above 40. That’s where we look to be stopping ourselves out. So keep x on your radar. I’ll see how it’s trading as we head into next week. And we’ll consider a bearish trade. If we get confirmation. I’m going to be doing a free presentation on Tuesday, April 12 at 7pm. Eastern, where we’re going to be talking about how to trade these key reversal points with super tight risk and high reward. We’re going to learn to trade both sides of market how to be bullish how to be bearish and do all this with confidence. I’m gonna link you to this page registration is free and I’ll see you in the workshop.