Blow off top marks the high for me. This chart is performing very technically as the B wave went right to the .886 fib today to trap as many bulls as possible. If we don't get higher above 4.77 again, I expect a rather long bleed out to the main trendline or support, whichever comes first.
You can buy DGAZ if you want to trade against it but beware as it is a 3x inverse ETF so please set appropriate stops. This could also be a Wave 3 which means after some consolidation/pullback we may see an even higher Wave 5 past 5 dollars. Please be careful in this market.
Good Luck!
You can buy DGAZ if you want to trade against it but beware as it is a 3x inverse ETF so please set appropriate stops. This could also be a Wave 3 which means after some consolidation/pullback we may see an even higher Wave 5 past 5 dollars. Please be careful in this market.
Good Luck!
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on our way down. If we get above 4.55 and especially 4.60 I will have to question the analysis. Today should be a good day for shorts
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if we break above dotted line, I'll exit my short
if we break above dotted line, I'll exit my short
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We break this trendline and it will rain down red
We break this trendline and it will rain down red
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Note the Bull Flag on the 4hr time frame, very possible we go higher from here.
Note the Bull Flag on the 4hr time frame, very possible we go higher from here.
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Nat Gas may be forming a triangle - bullish continuation. Will watch this tomorrow and see how it plays out
Nat Gas may be forming a triangle - bullish continuation. Will watch this tomorrow and see how it plays out
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Looks more like an ascending triangle now that we have had more time. Going to enter long with a tight stop at the trendline/MA
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Longed the trendline - if this holds, we should get over 5 bucks. Stop at breakeven.
Longed the trendline - if this holds, we should get over 5 bucks. Stop at breakeven.
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Possible near term targets if we continue upward. So far so good
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Stopped out overnight but bought at the second trendline today. I still see this 5 wave structure coming. We go under the trendline and I'll stop out again.
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Clear consolidation triangle on UNG, I believe we are going up very soon
Clear consolidation triangle on UNG, I believe we are going up very soon
