financialflagship

NATURAL GAS – Week 23 – Expecting to complete the consolidation.

Short
CURRENCYCOM:NATURALGAS   Natural Gas
In our last forecast, we were expecting Natgas to correct and reach the support level . Instead, the price continued to consolidate, despite our bearish expectations.
In the coming week, we expect the price to become bearish and fall towards the support level , as the structure hasn’t changed. This might happen after we reach the top one more time.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Comment: Waiting for a sell setup after a trendline breakout, followed by a correction. That would be the bearish confirmation needed.
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Comments

looking for some bearish price action :) thx for sharing
+1 Reply
financialflagship jojofang0901
@jojofang0901, Most welcome mate :)
Reply
Could drop to support, indeed
+1 Reply
Hi do you think now its the time for your set up . Thanks 🙂🤞
Reply
@Dulani, Hello! We will post on Monday a new analysis for this pair. The structure has changed a bit though. Still expecting a bearish move, but not that big compared to the one we were expecting this week.
+1 Reply
@financialflagship Thank You waiting for the analysis.
Reply
So simple and perfect!
Reply
financialflagship Mahtab_Tradia
@Mahtab_Tradia, Many thanks! 😊
Reply
Lovely analysis as per usual
Reply