Natural gas seems to be breaking out. Looks to me like the 2nd daily cycle is starting. AB=CD target would be around 24 for BOIL. I can't trade UGAZ or I would. BOIL is a 2x leveraged nat gas ETF.
Kommentar:
This could be a 1/2 cycle low, but is probably too early. Another possibility is laid out in blue. Its a Shark Harmonic pattern. I'll sell today if NatGas starts selling off.
Trade geschlossen: Stop wurde erreicht
Kommentar:
Still a ways to go lower before Nat Gas will look good again.