Natural Gas Daily Trend Change Example
The green line is an example of what would be needed to confirm the daily trend change. We must remain open to all possibilities natural gas may be due for a sustained rally but that doesn't mean it has too. After a bottom there will be a rally it is critical that after some consolidation the price continues higher. If the price is not able to continue high it will be a huge red flag and increases the probability of another bearish cycle. Where this cycle bottoms does not matter, it is the price action that happens after the bottom that matters.
I discuss the potential 2020 bull rally, UGAZ DGAZ and UNG