$UNG bounced clean off the parallel bottom I called yesterday — now +3% and back over $2.85. Setup's holding exactly where it should.
Looking for continuation up to the top of the channel around $3.08. That's the natural magnet if this parallel stays intact.
If it breaks down instead, $2.63 is next support. Simple structure — either it rides the channel or it doesn't. Watch the parallel hold.
Looking for continuation up to the top of the channel around $3.08. That's the natural magnet if this parallel stays intact.
If it breaks down instead, $2.63 is next support. Simple structure — either it rides the channel or it doesn't. Watch the parallel hold.
