$3.90 (61.8% Fibonacci) is the critical support level the Bulls have to defend.
The Bears broke our first line of support level today at $4.54 (50% Fibonacci)
and $4.54 is now the resistance that the Bulls have to break in order to bring the price higher.
Good luck trading and May the Force be with You.
$UNG $UGAZ is pulling back right at 61.8% Fibonacci level. As you may know, 61.8% Fib is my bread and butter trade! This is, to me, a perfect opportunity to get in NatGas going in December! Goodluck everyone!
$RGLS
50% Fib, Triple Bottom.
This is one of my favorite (combo) patterns to trade. If my statistic is correct, I am about 81% win rate ratio with this combo pattern!
May the odds be with us! G'luck everyone!