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TFC Commodity Trading Forum

Re: April Nat Gas/ Tighter and Tighter Range *PIC*

I read in some book one time that when the price bars have squeezed 3/4 to 7/8's of the way toward the apex of a triangle or pennant formation to then expect a breakout from the formation. So it looks like it is just about there now and the 13th wave (according to my count) inside the triangle is about to manifest also enhancing the likelihood of a breakout from the formation, and so perhaps it will breakout next week.