I'd allow for one more push higher to UNG 16.33/.48. This region sets up a potential short opportunity to sub 10.00. Probabilities increase one a pull-back below 14.47, followed by a 3-wave bounce holding below the 61.8% retrace of the presumed coming high.
Comments
nick.holland78
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DO NOT overstay your welcome if you take a short. The reversal off a long-term Ending Diagonal can be severe. Long-term investors are better off waiting for a confirmed bottom, or buying in the support regions sub-10.00 if aggressive.