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Natural Gas Daily Trend Change Example

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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.
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I posted a video on YouTube discussing this chart. youtu.be/urXICTXWQyM
I discuss the potential 2020 bull rally, UGAZ DGAZ and UNG

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