US Steel (X) could be an interesting short. The stock is bouncing back on a weak EV pattern.
The pyramid data shows a very stable Supply level. This is something to investigate.
We can see that the stats for shorting a bounce look good.
It is interesting to see the shorting range is wide, because the downtrend is strong.
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
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.
Conclusions: better short a bounce.
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