Here's my chicken scratch work of assessing Inverse Nat Gas. Staying conservative in my price targets but price could spike higher than expected. I stated where price 'should' be based off opinions on how price in most market and fib law actually move and understand that system is inconsistent. Just giving out a guide on how oversold we are. Don't underestimate...
Activate your short on 618 support break into the 1.272.. Consider the fan and retracement together.
Pattern forming in LABD ?? Does this mean that bears will live again for temporary period?
A SHORT I SEE. MAYBE WAIT TO SEE IF MARKET CORRECTS TO GET A BETTER ENTRY AT 382 BUT FURTHER LOSSES MAY BE COMING.
I usually do my analysis by measuring. Timing and just assessing where things are at. I've seen this RSI pattern before and doubt we would be getting so close the bottom so easy if there wasn't a correction ahead. Also, the 633 hull is chasing the 382 fib line way too fast to not correct this bear market. This doesn't mean that that we won't go right back down...