$NATGAS & UNG
Wow, look at the nose dive UNG is taking.
Started when price hit the downtrend line on my quarterly NATGAS wedge.
To say it is a parabolic move would do it injustice. More like vertical.
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So many articles on the reason to be long NG…Wonder when we can expect a turn around?
I don’t read any articles about it but it doesn’t take a genius to see where this is headed on the charts.
Maybe these “analysts” should learn to read a chart, huh?
Glad you got out when you did Eagle. Saw your email.
Hey if I had a sure fire 97% winning pattern…I would never bother again looking for lower %age patterns all day
Just scour the Trading universe for an inverse H and S….trade that only !
can’t beat 97% !
🙂
I’m glad you finally see the light. 🙂
But remember. 97% is for inverse h\s…. only 93% for topping h\s.
Tommy…I will never see that light
NO pattern is 95% successful…IF it were…people a lot smarter than you or I would be trading that exclusively and winning 95% of the time.
NO algorithym ….let alone human comes close to that.
as it was when you first came up with the website promoting this ….This is a ridiculous notion .
You show me any chart and I can point out to you its true. ANY
The trick is to actually see the pattern and that’s why most people dont do it. They just cannot see the pattern.
But I have a trained eye to see them.
Setting Your Profit Targets
The profit target for the pattern is the price difference between the head and low point of either shoulder. This difference is then subtracted from the neckline breakout level (at a market top) to provide a price target to the downside. For a market bottom, the difference is added to the neckline breakout price to provide a price target to the upside.
Read more: How To Trade The Head And Shoulders Pattern | Investopedia http://www.investopedia.com/articles/technical/121201.asp#ixzz4Ozxo9xoL
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