Viking83
Long

Natgas: Constructing an IHS

OANDA:NATGASUSD   CFDs on Natural Gas
My outlook on Natgas till August. Explode, consolidate, explode.
Comment:
Trade closed manually: Exited at 2.34
Repeating post as original seems lost somewhere:

Hello. What do you think about the $2.40 neckline going to beginning of time of chart?

Reply
Viking83 ARGOS1
@ARGOS1, Hi old friend. The expression: "A picture is worth a 1000 words comes to mind". Could you please try to explain it to my graphic brain by a chart what you are asking?
In general, this idea is set up on two facts. First: We are at this date entering a new trend zone. But it still has a bit of its old still left. Normally it will then bid the previous a farewell. Price often does that in these zones by a good-bye kiss. The next zones tendency is to be quite strong. However, and this is the second point, I think the motor for drifting it higher is shut a bit off at the moment. So that is why I expect a consolidation phase to occur to the set dates. Price levels are not so important to me as of right now. Except today's price that is.
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ARGOS1 Viking83
@Viking83, Blue= resistance White, support
Reply
Viking83 ARGOS1
@ARGOS1, Yes, from good old days support. Urge you however, zoom out and see, we’re at 78 % fib on large scale right here too. Let’s see Argos, its all about R/R, and timing. If we go up today i get out immediately and resume position on tuesday. If we get a lower low, I hold still and get out 25th.
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