Short X

US Steel (X) could be an interesting short. The stock is bouncing back on a weak EV pattern.

[ATTACH=CONFIG]28708[/ATTACH]

The pyramid data shows a very stable Supply level. This is something to investigate.

[ATTACH=CONFIG]28707[/ATTACH]

We can see that the stats for shorting a bounce look good.

[ATTACH=CONFIG]28709[/ATTACH]

It is interesting to see the shorting range is wide, because the downtrend is strong.

[ATTACH=CONFIG]28710[/ATTACH]

Below is the SUpply Figure for US Steel. Normally, since we are in a stable supply zone, shorting should not work well, except if this indicators crosses above the 10% level, at the left side of the Figure.

This means a break bellow 23.5

[ATTACH=CONFIG]28711[/ATTACH]

With the Breakout Calculator, this is easy to test. We can see below that a break down on Volume (BDV) below that level shows slightly positive stats.

[ATTACH=CONFIG]28712[/ATTACH]

[U]Conclusions[/U]: better short a bounce.