NG - Buy Set-up Ahead
Updated
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.
Note
I'm looking for the potential of this kind of technical bounce. Note
Updated imageOne more small wave down?
Buy range circled... If there is a breakout of this white channel...BUY
Note
Time for an update...still on sidelines. Looking for one more smaller wave down.Note
The train ,ay be leaving the station here.... See chart.. A:C ratio/median line trumping my ST terminal wave count?
Note
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.
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