SO here we are end of week and NG has cooled off from those crazy highs, but should we sell? This is the million dollar question. From the Larry Williams indicator, I was telling you all that I am waiting for the Daily chart to show me a solid Sell signal and I will Sell away. Well, my feet were a little scared today with all the news saying price could remain high over the next 3-6 months. Was the last 2 days just some profit taking?? Will price skyrocket again next week? This is what I am asking myself so I have decided to wait till Monday to see where price action is going - If it rebounds up, maybe I will buy - if it continues moving down, maybe that will be the confirmation to sell for the long term. Anyway, see you all again on Monday and have a great and safe weekend :-)
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Here is my old trading setup to compare to the Larry Williams Way above...
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I would wait until price action crosses through (in this case below) the 35HMA. PSAR is also pushing price action down now so next week should be an interesting week!!