The US natural gas ETF (UNG), could be a large 4th wave which I count as a bullish C wave in a correction. Also note the large amount of volume entering this market the couple months as it appears to be trying to form a bottom. I project that price will get to $7.15-$7.30 if price moves to confirm my proprietary indicators' bullish signal. A decent close higher tomorrow should trigger the signal and I will attempt to get long a call spread of values are desirable.
This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Thursday, March 10, 2016
Elliott Wave Stock Trading - UNG on Watchlist
The US natural gas ETF (UNG), could be a large 4th wave which I count as a bullish C wave in a correction. Also note the large amount of volume entering this market the couple months as it appears to be trying to form a bottom. I project that price will get to $7.15-$7.30 if price moves to confirm my proprietary indicators' bullish signal. A decent close higher tomorrow should trigger the signal and I will attempt to get long a call spread of values are desirable.
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