When you make enough loss in an 1x ETF time to switch to the 3 x leverage little sister at the bottom.
Time to take the advantage of the collapsing dollar in something what is printing the bottom in these moments.
Natural Gas -after shorted to death- is printing a 4,9% rally today.
UGAZ had a capitulation volume last...
read like a book, could be a 1,A with an Ending Diag, too tired to measure, so ill just say falling wedge, looks like futures already broke up a bit, pos up for the 2,B, then new lows possible, maybe. watching
It looks to me we had started the bottoming process in UGAZ .
Price broke below 13$ with no follow through and on August 5 we broke below 11.69$ and started to recover on the next day .
The weekly chart of NatGAS last week printed a hammer which often signs the end of the downtrend. This week we have the follow and the weekly...
Natural Gas has been consolidating after huge sell off today. UGAZ and Natural Gas has potential to bounce off the 1 hour 180 day EMA for a 7% return. Wait for confirmation of higher lows and higher highs before entering trade. Observe UGAZ during market open for confirmation of upward push.
A lil sumting from my old friend. Full me once, shame on...shame you...fool me... i wont get fooled again... this could be just another 3 wave move back up than down we go again... gonna wait to see how this unfolds. may take a short at .1.272 or 1.618 if the waves tell me too. otherwise waiting for a full 5 up, 3 down to the .50 for a beautiful long...waiting
Hello hello hello...
Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher,...
Twas not a flat, so WTF! Many things pos IMO, many things say up for now, or a bit more down than up... 2 of an impulse, B on ZZ, X of a combo... that sweet wick on wick action in the a/1 is throwing me a bit...anyway some bull div. A bit up pos..or dumparoo $ugaz $dgaz $ung