NastyBeer

NATGAS: What goes up must come down

NastyBeer Pro Updated   
PEPPERSTONE:NATGAS   Natural Gas (Spot)
Lets keep it simple:

We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic

We had a small H&S pointing to T1: Hit


Whats next?

Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S

Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.

Most likely liquidity below $5.30 will be swept before making any significant upmove



Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2. 40 )

Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls


Hold my beer pls

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No financial advice, do your own research, don't be stupid
Trade closed: target reached:
here we are on 2.618. bulls would have to hold 1.886 to avoid getting slaughtered