Natural Gas UGAZ DGAZ. Moon shot for UGAZ coming soon!!

I am not sure if we can fill both gaps on Ugaz but it is possible. I am pretty sure that we will fill the first one. Once we get to the bottom of that first gap, I am planning on looking at NG futures to see if it also filled its gap. If not then I might wait until the bottom gap is filled. After that UGAZ would be a huge buy from my wintery perspective.

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the first Fib directly to the right of price action is an A = C measurement.
The next Fib measurement is for all of the 1st wave move and as you can see, the .78% retracement is right where a perfect gap fill for that 2nd gap. HMMMM, I might wait.

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So here is what I am doing. If we fill the first ugaz gap then I am going to check natural gas. If At that time NG has not yet filled its gap at approx 2.98 then I will expect the second ugaz gap to fill before this thing reverses. GL

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Possible expanded Flat pattern in progress.

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so I thought I would add a little more food for thought. The pink line/arrow is the trajectory of last years November rally. If we were to move up that fast once again, then I think we could assume that we are heading much higher than my original thought. If we were to take the dark red path then I think the 1.618% move is in the cards. Lets see how fast this moves over the next few weeks.

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Here is a chart of natural gas. Are we in the C wave. If so then if A + C then we should be headed up to the C

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here is the correct NG futures chart. Looks like three wave pattern.

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I sold early this morning at $10.05. I have a limit buy order for Ugaz at $8.70. GL

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So I bought ugaz today at 8.65. I didn’t think it would get much lower. Hope you guys bought in for this next run.
On a funny side note. There is this guy at my work who is mad at me because he bought in higher than the absolute bottom today. Newbie!
So for that individual (Newman) I have a special set of instructions . Go ahead and sell your position for $1 and I absolutely promise you it will execute ! ;)

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lets see if it follows the blue path. I am hoping for a 1.618% top just before the FOMC meeting on December 13th.