UNG XTL breakout

I am waiting for a trigger into UNG, the natural gas etf.  I have had many questions regarding the setup and trigger of XTL breakouts.  Read on as I step through the process:

Here is a chart of UNG.  Yesterday there was a fresh XTL breakout bar.

First, set the Fib Extension tool with two settings, -0.5 and 1.5.

Next click three times:

Now you will have your entry and your initial stop.

Now that the setup is complete, wait for a possible entry. 

Joel Stahl