UGAZ at SUPPORT Waiting for a BOUNCE During January
This is a Technical analysis of Natural Gas (UGAZ and DGAZ). Looking specifically at the recent downtrend we have had in Natural gas during the past two months. I discuss the average recent lengths of downtrend on UGAZ in the daily chart.
Natural Gas has been crashing down in price, and has recently formed a regular down trendline and a wedge pattern coming down to support.
A pop of this UGAZ trend line would offer an objective investing opportunity. I align potenital targets with the use of fib retracements in the video.
I discuss potential trading strategies for this particular price action including different natural etfs to use (considering the decay on some leveraged etfs)
. I detail a natural gas trade set up and other trade ideas using different time intervals for potential swing trades and day trades / intra day trading.
Natural gas with targets and stops provided.
Potential Reversal for natural gas (bounce trade).
Natural Gas swing Trade with UGAZ.
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Game of Trades Technical Analysis uses simple momentum indicators like the MACD and RSI to analyse and predict trends or trend changes using divergence and overbought/oversold readings.
I display the analysis in an easy to understand way, even for beginner stock trading.
The videos help with:
Learning simple technical Analysis
Effective chart patterns
Measuring trade targets
Identifying good stops for trades
And most importantly trying to give the right mindset to trade efficiently.
DISCLAIMER: This video is for entertainment purposes only. I am not a financial adviser and you should do your research and have your own thought process before investing in a position. Trading is risky! Best of luck :)