$NG is currently positioned on breakout watch, forming a well-defined ascending triangle—a textbook bullish continuation pattern. The chart reveals a clear story: buyers are becoming more aggressive with each pullback, consistently establishing higher lows, while sellers keep defending the same resistance level. This tug-of-war between the two sides is exactly what traders watch for before a potential breakout. With buyers stepping up their bids and refusing to let the price collapse back down, the setup is tightening. If the pattern breaks above the upper trendline with decent volume, it could trigger the next leg up. The key is watching whether this consolidation maintains its integrity or if buyers finally overpower the seller defense.
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$NG is currently positioned on breakout watch, forming a well-defined ascending triangle—a textbook bullish continuation pattern. The chart reveals a clear story: buyers are becoming more aggressive with each pullback, consistently establishing higher lows, while sellers keep defending the same resistance level. This tug-of-war between the two sides is exactly what traders watch for before a potential breakout. With buyers stepping up their bids and refusing to let the price collapse back down, the setup is tightening. If the pattern breaks above the upper trendline with decent volume, it could trigger the next leg up. The key is watching whether this consolidation maintains its integrity or if buyers finally overpower the seller defense.