Replies to post #19598 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[benfrankledger]

$UGAZ The total U.S. rig count increased by 2 to 931, rising for the fifth consecutive week, according to Baker Hughes' latest weekly survey.
The oil rig count rose by 2 to 751, while the gas rig count held steady at 180.

[Swampdude]

Thank you for the education sir,

SD

[Myself °¿°]

re: bullish homing pigeon...
The pattern is still there and valid but has not been confirmed.
There are variations for confirmation of this pattern.
americanbulls.com recognizes the pattern but doesn't have it confirmed yet.
Their interpretation is either; 2 consecutive closes above,
or to simply to trade up through it. I'm not sure.
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=UGAZ

... anyway, there are variations for interpreting this new pattern's confirmation