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Stepping GAP Patterns May Suggest Upside Breakout Pending In Natural Gas/UNG

From thetechnicaltraders.com

An upward stepping GAP pattern for UNG and Natural Gas has our research team believing a strong upside price breakout may be pending. We believe the open gap patterns, which are below the current price levels, represent a building momentum based/bottom that has setup in UNG. This pattern, if we are correct, may prompt a big breakout move in the near future. These GAP patterns are similar to a Japanese Candlestick pattern called “Three Gaps”. A Three Gaps pattern is typically associated with trending and suggests an exhaustion top may be near. It is represented by three very clear open price gaps in a defined trend ... (full story)

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  • Category: Technical Analysis