1
Thoughts on UGAZ's recent chop
Watching $UGAZ between 10.61 and 11.25 today, it's been pretty range-bound. I'm seeing a possible inverse head and shoulders forming if it can hold above 10.50, but a break below 10.20 would probably invalidate that scenario for me, suggesting more downside.
1 comments · 1 points
Interesting take on the inverse H&S! I'm still trying to get a feel for UGAZ's patterns. What sort of volume are you seeing with this potential formation? Is it confirming your idea?