fan megaphone

this is an expansion of the megaphone idea

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This move upward in Natgas is largely due to LNG exports making a solid base. It is today close on US exactly at the .238 Its a megaphone until it isnt

I am thinking the 2015 model on glut with a similar move could still break at

$2.97

However long into truncated megaphone hold

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www.tradingview.com/x/HZB4beW9/a .5 retrace on the big tankage is where I am gunning for a right shoulder targer formation

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you can seee how the range is in megaphone with the pitchfork in dicating likely a swing lower

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we see how this fan megaphone is still functioning in wild nat gas swings

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we see the fan centerline megaphone has remained significant and is the current price atm

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the 3 dollar handle is the bullish logical tech target but fundamentals are implying a return to bearishness with oil by product production rampant and Canadian crisis level locked in not profitable reserves ready to come online if prices rise at all..sept should see a return to bear until cold weather draws may provide sustained bullish trend reversal

Kommentar:

also see in the megaphone is the anomalous nature of the spike in prices last fall/early winter