Risk/Reward = 14 Wait for pullback in 2.27-1.935 area and buy
Many thanks to Elliottician expert Arkady at www.elliottwavetrader.net for his assistance with this NG count. See my earlier ideas on UNG or NGN2016 for different time frames.
...but first, the pullback to the A/R & U-MLH. P! Learn To Earn: mytradingcoach.teachable.com
Haven't posted a natty count in a while. While the bearish count target for wave (v) of 5 is unchanged, wave (iv) did come significantly higher than I anticipated. Credit to the experts at www.ElliottWaveTrader.net for giving me the idea to consider the bullish alternative shown in green. The structure of green wave i of (iii) through April isn't quite to my...
I think it has opened its legs and now will try to retrace to the middle. its a long shot, but risk/reward are fantastic
Similar to oil in March this year, looking good near-term.
Forming a Doji candlestick at the top of the BB line, don't chase UGAZ, buying opportunities are coming.
GAS is on the way up, higher low, broke downtrend line.
Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6,...
Maybe I already posted this NG idea, but here's my latest. Still several alternatives on the table, but a breakdown could be looming. My UNG count differs slightly, suggesting an Ending Diagonal for 5 instead of the impulse posted here.
the cloud is so thin here, they may just take it down on next BAD/neutral report then walk it up again.
Hope none sucked in $UGAZ , sold all bought it from $20-22, trendline resistance.
Buy NG1! for bounce off trend line support and potential break out of wedge.
out of $UGAZ at $26, wait for re-entry soon.
Positive divergence is developing and push it up to there $UGAZ
if hold at the trendline, goes up.