This position has been a nightmare, in any case, here's where we are... UNG is VERY parabolic and looks to be starting to run on some fumes while DGAZ is picking up some hit stops.
It's hard to root against a stock you love, but I want that DGAZ position working.
The parabolic move is always suspect, I never trust them and for good reason. In this case there's a long upper wick on the candlestick forming on large volume, the larger that wick is, the better and more likely the parabolic move fails and they fail faster than they start.
UNG intraday at the parabolic/wick trouble
Migration of the divergence from today
more migration
DGAZ is showing the opposite signal/confirmation intraday leading 1 min
2 min
and 5 min on volume.
The opposite wick formation here would create a bullish hammer so I'm looking for that, this is just too parabolic to walk away from
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