NG - Buy Set-up Ahead

4 Feb 2023

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.

4 Feb 2023

Nota

I'm looking for the potential of this kind of technical bounce.

8 Feb 2023

Nota

Updated image
One more small wave down?
Buy range circled... If there is a breakout of this white channel...BUY

10 Feb 2023

Nota

Time for an update...still on sidelines. Looking for one more smaller wave down.

14 Feb 2023

Nota

The train ,ay be leaving the station here....
See chart.. A:C ratio/median line trumping my ST terminal wave count?

16 Feb 2023

Nota

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.