At this juncture, downward pressure on nat-gas (UNG) has evaporated.
At pivots, this price action scenario is nearly always the case.
Way back a century ago, the father of technical analysis, Wyckoff said it best; ‘It’s as if the weight of a feather could move the market in either direction.’
This location was dubbed by his acquaintance, Livermore, as the ‘danger point’.
It’s the point of least risk; Where the margin (gain or loss) of being right or wrong is narrow and easy to see.
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