I've been short for a while...
Two scenarios for next week:
1. Natural Gas continues its sell-off and heads towards ATL, if three conditions are met:
1. Daily breaks price range
2. Daily RSI manages to go sub 30 with adequate volume
3. Daily STOCHRSI breaks 30 with adequate force
2. Natural gas violently rebounds Friday or Monday and heads for top of given price range if:
1. Daily RSI rebounds ABOVE 30 (should not cross)
2. STOCHRSI rebounds at 30 or above
Good luck
Two scenarios for next week:
1. Natural Gas continues its sell-off and heads towards ATL, if three conditions are met:
1. Daily breaks price range
2. Daily RSI manages to go sub 30 with adequate volume
3. Daily STOCHRSI breaks 30 with adequate force
2. Natural gas violently rebounds Friday or Monday and heads for top of given price range if:
1. Daily RSI rebounds ABOVE 30 (should not cross)
2. STOCHRSI rebounds at 30 or above
Good luck
Trade active:
Possible Reversal today if we don't close below Friday lows, given the criteria.
Time frame: 4H candles
Trigger: ABCDE (B wave)