AMEX:UNG   UNITED STATES NATURAL GAS FUND LP
16 0 0
Above my green box, the wave (iv) - (v) possibility to new lows would be highly questionable. Note the 50% retrace of wave (ii) - ( iii             ) which is generally the maximum extent of a 4th wave retrace. Alt (iv) is however below the 76.4% extension of waves (i) - (ii) and thus would be valid.
One thing is certain, there's no Ending Diagonal playing out off the mid-March (iv) high.
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