do you have a chart to support? yes it's made nice
move on the daily, could be a short term break away gap, but weekly
symmetry has yet to be broken, so at this point it would be a
stretch to make that assumption about a long term breakout, unless
you can post evidence for it
Not yet, that's why I said "poised". $Natgas Needs a strong move
above 2.50 to break the symmetry, and confirm this move. However,
it has a divergence on weekly chart at previous low, and is also
forming an inverse H&S, or Cup and Handle.
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Is UNG poised to break out long-term?
Posted by laouuu on 1st of Jun 2016 at 01:17 pm
do you have a chart
Posted by matt on 1st of Jun 2016 at 03:34 pm
do you have a chart to support? yes it's made nice move on the daily, could be a short term break away gap, but weekly symmetry has yet to be broken, so at this point it would be a stretch to make that assumption about a long term breakout, unless you can post evidence for it
Not yet, that's why I
Posted by laouuu on 1st of Jun 2016 at 05:02 pm
Not yet, that's why I said "poised". $Natgas Needs a strong move above 2.50 to break the symmetry, and confirm this move. However, it has a divergence on weekly chart at previous low, and is also forming an inverse H&S, or Cup and Handle.