UGAZ has been falling for 6 days in a row now. 8 of the last 10 days. Currently in extreme oversold condition dropping 30% in 2 weeks. Approaching last years lows. Bullish Stochastic divergence. I expect a short term pop to mark the 8th leg of the descending wedge's 9 wave pattern.
Conclusion:
Short term: Bullish
Medium term: Neutral
Long term Bullish
Video explains these circumstances in detail:
https://www.youtube.com/watch?v=K_hz5lLiR_I&t=43s
Conclusion:
Short term: Bullish
Medium term: Neutral
Long term Bullish
Video explains these circumstances in detail:
https://www.youtube.com/watch?v=K_hz5lLiR_I&t=43s