With the US Dollar taking a hit Yesterday I bought X. The USD should continue down into a DCL. I suspect most commodity stocks will move higher inverse to the USD. AKS, HBM, might be other good choices. RSI is oversold and moving higher. 61.8% retrace is complete.
Note
78.6% Fibo has to hold here, or pattern is broken. Set stops below todays low. Trade closed: stop reached
78.6% didn't hole, so Im out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.