XNGUSD- Bollinger / TTM Squeeze for Breakout LONGThis 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the value of detecting a
Bollinger band width and volatility contraction before the release. Price action is showing
a high tight flag pattern which could forecast a similar leg higher after sufficient consolidation
to ti reach the consensus equilibrium of buyers and short sellers as to what the price should be.
I will be one of those buyers adding again to my position which I expect to swing trade
at least the rest of this week. For those already with good-sized positions, some may elect
to sell some to take a partial profit. I am considering being more watchful of such a situation
also realizing that a short squeeze could get underway since XNGUSD as been falling for
sometime. Long-time shorts might decide this is the exit point to avoid further loss of
unrealized profits. If they do so they play into the hand of new buyers and those holding.
Buckle up, this could get interesting.
