oliverrathbun

NG - Buy Set-up Ahead

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oliverrathbun Güncellendi   
NYMEX:NG1!   Doğal Gaz Vadelileri
NG has sustained an ugly sell off. Not unusual in this market. This is an opportunity for short and longer term gains I believe.
One needs to be prudent in selecting entry points in this market to manage risk. I believe we are now at that point.

I will be looking to get long next week. If you prefer an etf to use UNG chart below.
Ideally if A = C entry would be roughly $7.40 in UNG.


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I'm looking for the potential of this kind of technical bounce.
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Updated image
One more small wave down?
Buy range circled... If there is a breakout of this white channel...BUY

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Time for an update...still on sidelines. Looking for one more smaller wave down.
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The train ,ay be leaving the station here....
See chart.. A:C ratio/median line trumping my ST terminal wave count?
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Another update....
Trading range has been tight..forming a sideways formation. I think it gets resolved to the downside tagging the median line. A rather sharp rally results before another low later in the year. Should be a profitable rally soon.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.