March NG sold off and stretched out far below its 20ema, plunging straight down into the crash and burn zone and is typically snapping back again. The 20ema tends to act as resistance in downtrends and as support in uptrends on the pullbacks. Price has just tagged the 20ema again as it has in the past when stretched too far away from it and snaps back sharply each time. Price is like an rubber band attached to the 20ema and will snap back with a sling shot effect when stretched too far without making a trend change. Price could rally back to price resistance at 2.96. The key point now is to watch price action relative to its recent lows for a base building pattern. This will take time regardless.