There is a 1-day green dot on the chart that has not printed. We use the 1-day dot as a warning signal and the 2-day dot as an entry signal. Remember, the 1-day dot might disappear intraday if NG continues to go lower. There is one improvement today from yesterday which is that NG is still within Average Daily Range (ADR) of 2.446 to 2.544.
I am waiting for the 2-day dot before entering and will only enter UGAZ on the 1-day dot if there a fast moving, big green fatty, on heavy volume, that breaks ADR. There also needs to be a green dot on both the 1 hour and 4 hour charts.
Key Levels:
Above: 2.544 (ADR), 2.551 (.382 FIB)
Below: 2.48 (.50 FIB/200 EMA), 2.446 (50 ADR), 2.409 (.618 FIB)
View my YouTube videos applying this trading system to other tickers at www.youtube.com/chan...TSpoJDhhGv9vfaakG-Dg
I am waiting for the 2-day dot before entering and will only enter UGAZ on the 1-day dot if there a fast moving, big green fatty, on heavy volume, that breaks ADR. There also needs to be a green dot on both the 1 hour and 4 hour charts.
Key Levels:
Above: 2.544 (ADR), 2.551 (.382 FIB)
Below: 2.48 (.50 FIB/200 EMA), 2.446 (50 ADR), 2.409 (.618 FIB)
View my YouTube videos applying this trading system to other tickers at www.youtube.com/chan...TSpoJDhhGv9vfaakG-Dg
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