NG - Buy Set-up Ahead

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.

Note

I'm looking for the potential of this kind of technical bounce.

Note

Updated image
One 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.

oliverrathbun

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

oliverrathbun