Short NGAS below $2.955 to $2.50, then Long

13 Eyl 2016

It appears that NGAS is in the perfect upward reversal pattern, except it hasn't broken the neckline and there is bearish div on the upper hourlies and daily. also, the waves and momentums have not broken into any new uptrends lately and it doesn't look like they will. That tells me that there is a pullback before NGAS goes well into the $3s (and likely further). Notes are on chart, and as I note there, this is a short unless the upward H&S pattern is confirmed with a break of around $2.955.

13 Eyl 2016

Not

NGAS still wasn't able to break the upward H&S neckline and finished the day with a shooting star candle. Also, at the very end of the day, it broke below the uptrend channel that it has been in since 9/7.

15 Eyl 2016

İşlem elle kapatılmış

at 2.909 I'm closing this idea. I now believe the NGAS is about to go up... besides, my focus has turned to UVXY because I think we're about to get another big drop in the market.

20 Eyl 2016

Not

NGAS went up over 4% today