SO we did fill the gap. I am thinking that we will touch that red line which corresponds to a couple bottoms last year. The question is whether or not we finally start the winter rally or simply set up to fill that last gap. Today a subscription that I get, had an update for XLR (the general energy ETF). Their chart showed the general energy fund dropping...
Another Bear wave should occur through tomorrow. This will setup perfectly for a great long opportunity. The green lines are all minor support levels. This is a short term graph on the hourly. Long term Bull view after this bear wave. Good Luck!
Here is the updated chart and plan. We got a bearish report which will make it decrease as trend suggest and then once public panics and they exit their longs, smart money will enter.
The price has reached X point of this pattern, as well as the down side of its tunnel. Since there is a long pin bar in 1 hour, you may try to long it. SL could be below the one hour pin. Thanks, Trade Carefully.
There was a great action on ngas this week I think we are in the hands on bulls again but after some consolidation I made a time and price fib and its really interesting to see the future price action I hope you like it :) All feedback is welcome :) Best of luck
gap down fill to 2.96 by monday,falling from this price will be horrible. then afterwards filling the gap at 3.22
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.
It's seems that NGAS is completing a complex B wave, the sell is not really a good option but the buy setup looks compelling.
I'm long $NGAS from here, risking a drop under 2.9, I think we have good odds of having a significant rally off this zone, with low risk. Best of luck if taking this trade. Cheers, Ivan Labrie.
Ngas broke an important support today Possible scenario on the chart Best of luck
NGAS should be bullish Wait for the confirmation Another possibility
Dear traders, Here is a new LONG signal on NGAS : Entry : 3048 SL : 2847 Lots of TP's, see the daily chart for all of them. TP1 : 3151 is the most important if we break it, than we can be more confident in the follow-up. Reasons for this long : If you follow me since months, you already know I have a strong relationship with NGAS. Not that it brings me more...
I never post a chart for this stuff but it is in such an incredible buying opportunity location right now that I just had to. There are so many huge gaps above and this is looking like such an easy wave count AND there has been two days of record volume in this last week alone that I cant ignore this. I really think this is at near absolute bottom. If it did...