I haven't posted since forever, had a lack of motivation but guess whos back!
DGAZ is continuing with the same pattern than it was having on last decline push. 3 tops and immediately huge decline. Currently we're on 2 tops but the third time could be different. This could be last short potential for DGAZ for a little while as we don't really know which...
DGAZ shows a descending pattern after topping out at expected resistance. Currently making way to support and will touch and reverse after consolidating somewhere around $145 and will be potential swing trade opportunity. Red Tunnel is rough operating margin(Red Lines). Blue and Green lines represent the long term support and resistance. Projected reversal date is...
DGAZ is looking strong after rough month. DGAZ will push towards the trendline and if it breaks the trendline I think it will go back to the original consolidation point on 300$.
Why I think DGAZ will go up:
-MACD (12,26,EMA15) is still showing positive signs
-EMA is below the candlestick
-Showing trend change
-Similiar patterns during september period
DGAZ had a very disturbing dip since last month and it is time to recover the losses.
EMA showing positive signs and judging the chart it looks like bottom have been experienced already. Feeling a strong buy for DGAZ.
Been looking DGAZ closely.
I keep updating this post.
This chart displays the weekly spread between UGAZ & DGAZ. A descending triangle pattern formed and broke to the upside. The target is 280 points to the upside which is the meat of the descending triangle.
Here's my chicken scratch work of assessing Inverse Nat Gas. Staying conservative in my price targets but price could spike higher than expected. I stated where price 'should' be based off opinions on how price in most market and fib law actually move and understand that system is inconsistent. Just giving out a guide on how oversold we are. Don't underestimate...