NATGAS Symmetric triangle

Updated

Will trade the breakout either up or down. Measured move highlighted in green and red rectangle boxes.

Volume confirmation would be welcome but not required for me to trigger the trade. Will update once triangle is resolved.

Upside target 5.5

Downside target 3.5

Note

Broke dow!!! - Entered short on pullback at 4.195 NATGASUSD.

I am trading DGAZ full disclosure for more profits- entry was 61.4.

Looking to add more if it retest bottom of triangle.

Note

Added more DGAZ 60.17- I am not sure if we will get back to triangle bottom but will be monitoring closely- average price on DGAZ now 61

Trade active

Added more- at retest of triangle resistance.

DGAZ average entry= 59.5

Trade active

Trimmed down 20% of position.
80% remains open.

3.5 Target

Note

Another 20% trimmed down at 76.92 DGAZ price

60% remains open

3.7 and 3.5 Target.

Trade active

Another 10% Trimmed down at 78.16 DGAZ
Starting to look way too oversold on the daily.

50% Remain Open

Trade closed: target reached

Took profit on final 50% of shares today at 92.15 DGAZ.

Great trade overall. Congrats to those that ride

andzd

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