$X
Added 2024-11-05 15:17:02 +0000 UTC$X is up +3% now as we lead into the election....market may feel that either candidate may spend, particularly on infrastructure during the term and the price of Steel will rise.
This also aligns with China's Fiscal policy......spending $1.4 Trillion dollars will likely be spent on infrastructure too, so the demand for commodities will rise.
Either way, $X is following our chart very well and has held on the 0.618 fib at $29 and above the wedge now.
A retest of the wedge has already happened so this can go higher now.
The price is just at the 200 Day MA at $40, a break and hold above this level and there is a green light to move to our Wave 3 target at $56.
