A Deal In Steel
Posted: September 10, 2013 Filed under: Ascending Triangle, H&S Bottom | Tags: AK Steel Holding, AKS, iron, SLX, steel, Steel ETF, United States Steel, US Steel, X
AK Steel (AKS) & US Steel (X) have both been forming around 5-months ascending triangles with neck-lines at 3.80 & 19.70, respectively. Looking closer inside the triangles both have a clean Complex H&S Bottom in the making.
ETF fans can use (SLX) showing a similar H&S Bottom that has broke out and targets 51.