I was laying on my couch thinking about NG and wondering what in the hell is going on with it. Then it dawned on me. After years of a bear market for natural gas, We are in a corrective ABC pattern. DUH, right. So then I was wondering about the last month of this uptrend and how complicated it was and thought, what if we had an ending diagnol for the A wave...
I entered this trade last week. Let's take a look at natty!!
Monthly: Flat kijun . Macd is crossed up . Chikou is below price.
Weekly: Chikou is below price. Macd is crossed down
Daily: Trendline broken. Chikou is below price and macd is crossed down.
There is also a head and shouder pattern and there is some support still present. But setup is...