nick.holland78

UNG - 2h Potential Bottom

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AMEX:UNG   United States Natural Gas Fund LP
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Today's price action achieved the minimum target for an ending diagonal into support. A potential bottom, possibly a significant long-term low. Bearish alternatives include a potential larger triangle. Also, possible the Elliott Wave degree count is off by one, which resolves into another lower low indicated in yellow. Re; yellow alt, reference daily UNG analysis to see how initial impulsive Minute and Minuette counts were subjective.
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