Natural gas seems to be breaking out. Looks to me like the 2nd daily cycle is starting. AB=CD target would be around 24 for BOIL. I can't trade UGAZ or I would. BOIL is a 2x leveraged nat gas ETF.
Note
This could be a 1/2 cycle low, but is probably too early. Another possibility is laid out in blue. Its a Shark Harmonic pattern. I'll sell today if NatGas starts selling off. Trade closed: stop reached
Note
Still a ways to go lower before Nat Gas will look good again. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.