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This is my “coast is clear” momentum chart…
A small amount to go for confirmation…
As mentioned in previous charts, still need to breach the 38% fib…
If this is truly a BULL market and not a BMR; we want to see the WM% in green…
NG Update…I noticed some were bearish on NG–IMHO be careful…
Breaking out of a BULL descending wedge?
Momentum indicators certainly agree…
BOIL, another DIAMOND REVERSAL?
These diamonds do all sorts of morphing; however this pattern occurs frequently with NG…
I stopped using weather reports and started going strictly with momentum indicators with NG and my trading has improved with unpredictable NG…
Agree on NG here ES, with charts like in the link below, I would be very careful too:
https://goldtadise.com/?p=390462
I think we get a pop on inventories and then we pull back to about 3.23 on NG, not sold on the moon shot yet. Did play the nice wedge that set up, we could be in a small bear wave here.
No indicators on this chart just formation, we could be setting of for a yearly low as the earlier low was not deep enough, then a ride to the 3.65 mark NG, that is what I see anyway. Time will tell but this drop coming up will be swift if this is right,
https://invst.ly/35ay0