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In the summer of 2012, the Power of the Pattern shared that a bullish inverse head & shoulders pattern in Natural gas was forming at a potential long-term double bottom with few investors bullish the product and just a few months later NG was up 89%, reflected by the inset chart above. (see original post here)
Looking at NG on a current basis, the Power of the Pattern highlights that an even larger bullish inverse head & shoulders pattern could be in place with NG breaking to the upside of the neckline of late at (1) above. This large pattern was shared with members back in August of this year.
Members are long this asset as it broke from a pennant pattern highlighted in the chart above. Ideal price action to trade around would be a retest of the neckline as support in the near future. Stay tuned to the opportunities that will continue to evolve around this asset.
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