3rd Leg Trading

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Natural Gas Futures....bulls....77.....bears.....31
Thursday....bulls....76.....bears.....30
Wend.....bulls....78.....bears.....31
Tues.....bulls....78.....bears.....30
on 7-26...bulls....64....bears....29.....pps was 2.921

appears some still think could go higher.....are we at or near bottom
2.780 has held from last night.....gone sideways....consolidation ?????
not sure will hold today
resting in what I call the sweet spot of 8-2-17
nestled right in the top of the green part of the candle wick
technically.....could go up from here
still have reverse H & S formation with slight down tic on right side
right bottom lower....not good sign.....could mean goes lower

could also get little more down draft....if wic of candle taken out
down to 2.62 ********* maybe more probable *******

another train of thought ....could get bounce today
look at 1 wk candles and long red wic candles followed by pops
green candles
angle of ascent determines how high it could go....like 45 degree angles
get more movement

may buy in morning pre market....be watching volume and pps
buy determined by where it moves till then


long term we could still have down draft till next week if doesn't happen today....it'z friday folks don't like to be in over week end
I don't like being in over week end either

fricking MMs turn u every which way but loose over week end
today..... like slot machine
be nimble my friends

risk v reward

edit....just broke below 2.80....could be headed to 2.6 area

back to bed n hopefully up by 7


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