Pull Back Fishing
Channel down that narrows at the bottom so it is a Falling wedge which is a bullish pattern at the bottom of a chart. I drew it as a channel down and I cant change it now but the channel narrows at the bottom/see below. There are a few spinning tops outside the channel. Spinning top candle so far today that can change by close.
How low will it go?
NG has been in a free fall for a while now. This is at an ATL so support needs to be formed.
It could go lower but jut doesn't seem like it could go a whole lot lower.
NG looks dirt cheap, but eve dirt can get cheaper )o: Thanks for bringing this one to my attention Nuggetrouble (o:
Possible stop under 8. BOIL is a leveraged fund for natural gas and is in the same pattern.
No recommendation/oversold.
How low will it go?
NG has been in a free fall for a while now. This is at an ATL so support needs to be formed.
It could go lower but jut doesn't seem like it could go a whole lot lower.
NG looks dirt cheap, but eve dirt can get cheaper )o: Thanks for bringing this one to my attention Nuggetrouble (o:
Possible stop under 8. BOIL is a leveraged fund for natural gas and is in the same pattern.
No recommendation/oversold.
Note
I should have called this Bottom Fishing since it is at an all time low.
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