ProShares Bloomberg Nat Gas ETF (Boil) ... Near term Reversal ??

Not often you get two harmonic indicators flashing (Bullish Butterflies) ... one on the share price and one on the RSI. (A confluence has to work worked the past.)

Certainly worth watching... for a reversal in the area marked.

Shorts may consider covering....

I'll chirp in if this reversal becomes more certain.

For now I'm interested but neutral

DYOD. Not Investment advice.

S.

Commentaire:

Getting closer in the reversal zone... no action yet..

Ideally, I would like to see the $37 area

Commentaire:

Not even a heart beat on this one...

Got my $37 and then some..

I'll let someone buy it first.. plenty of upside if a reversal...

Need indicators to turn up...

Picking bottoms gets sticky fingers

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nothing yet... there is virtue in waiting for the signals,,,,

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Nothing yet.. one green candle on the daily but no real sign of reversal.. a hold above $37 should confirm it... still watching.

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Nothing yet...

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Still nothing yet. Down almost 10% today ..... one has to stick to their guns and wait until a signal is given !!

Commentaire:

Nothing (still). Not a candle guy but long-legged Doji is a bit encouraging.
NatGas is holding at the critical support... below that $1.90.

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Update.. I think if we can close above yesterdays high $31.45 then there is a good chance of a reversal

Commentaire:

Well I learned a lesson here... I never did enter as I waited for my indicators to turn.
So nothing ventured nothing gained...

Ordre annulé:

Thread closed