NG has sustained an ugly sell off. Not unusual in this market. This is an opportunity for short and longer term gains I believe.
One needs to be prudent in selecting entry points in this market to manage risk. I believe we are now at that point.
I will be looking to get long next week. If you prefer an etf to use UNG chart below.
Ideally if A = C entry would be roughly $7.40 in UNG.
One needs to be prudent in selecting entry points in this market to manage risk. I believe we are now at that point.
I will be looking to get long next week. If you prefer an etf to use UNG chart below.
Ideally if A = C entry would be roughly $7.40 in UNG.
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I'm looking for the potential of this kind of technical bounce.
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Updated image
One more small wave down?
Buy range circled... If there is a breakout of this white channel...BUY
One more small wave down?
Buy range circled... If there is a breakout of this white channel...BUY
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Time for an update...still on sidelines. Looking for one more smaller wave down.
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The train ,ay be leaving the station here....
See chart.. A:C ratio/median line trumping my ST terminal wave count?
See chart.. A:C ratio/median line trumping my ST terminal wave count?
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Another update....
Trading range has been tight..forming a sideways formation. I think it gets resolved to the downside tagging the median line. A rather sharp rally results before another low later in the year. Should be a profitable rally soon.
Trading range has been tight..forming a sideways formation. I think it gets resolved to the downside tagging the median line. A rather sharp rally results before another low later in the year. Should be a profitable rally soon.
