I took this trade before I joined Commonstock. I decided to lock my profit as we approached my target. $NUE is not something I wanted to own for the long term. As I mentioned in my previous post, occasionally, I play short-term trades to fund my LT portfolio.

Whatever profit I make here will go toward my LT investment ($VOO $VYM $TSLA $AMZN $MSFT $AAPL $SCHD)

Weekly Chart: I measured the price movement using a chart pattern (rectangle continuation pattern). You can read more about this pattern along with other favorite patterns of mine here: https://samuraitradingacademy.com/7-best-price-action-patterns/