STEEL, breaking above the downtrend, testing the key fibos

١٤ يونيو ٢٠٢٤

Steel futures. A great world economy proxy
Bouncing and testing all key fibonacci levels. Still, no higher highs, hence trend remains bearish (so as for the economy?)

١٥ يوليو ٢٠٢٤

ملاحظة

reached the 38.2% fibo and retraced
if the weekly Kijun is lost, 40/42$ area remains as key pivot area

١ أغسطس ٢٠٢٤

ملاحظة

reached support zone after rejecting at the 38.2% Fibo