Trade plan for leveraged UNG long. This is a *very* aggressive trade; manage position size accordingly. I've got buy limit orders at the top and bottom of the wave 2 box. Advancing stops indicated. Take profits in the 35s, wave iii target box, and certainly in the wave v of 1 box around 38+. Total upside potential would depend on price reached in wave iii as well as support held in wave iv.
Similar plan could be used on UNG or BOIL with less leverage. (Note: BOIL has significantly less volume, so stops may need to be controlled loosely, or manually.)
Similar plan could be used on UNG or BOIL with less leverage. (Note: BOIL has significantly less volume, so stops may need to be controlled loosely, or manually.)
