Whooph Trades — NatGas (again)
Price-Indicator Disagreement is predictive.
Whooph closed a short on NatGas in KOLD yesterday to lock in short-term profits.
Price had reached a short-term Wave 5 high and weakness on that high in KOLD’s 15-Minute chart yesterday. Examination of typical behavior showed a likely reaction ranging back to the KOLD 24.00 low (and lower), which it has. Whooph cautions this ranging “test” should likewise be done on similar weakness or “disagreement” which Whooph illustrates in the BOIL chart below.
Whooph has now re-established a new position in KOLD. This new KOLD is based on continued Price-Indicator Disagreement, just as before (Tuesday’s AM Post).
Price-Indicator Disagreement at BOIL or NatGas Price highs has persisted over the last 19 Days on the Daily chart. Likewise, over the last 30 hours on the Hourly Chart.
Whooph says this “tell” of “disagreement” precedes EVERY reversal on any timeframe.
MACD and RSI highs diverging from Price highs is predictive.
Therefore, I’m SHORT here in KOLD, the NatGas inverse ETF.
ALSO: Notice the “alligator snout” formed in short and longer term Mean Averages (circled below). Charlie Whooph coined the term “Close n Parallel” to highlight this tell coincidental and corroborating weakness which precedes a every reversal.
