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Mahtab_Tradia
Feb 23, 2022 6:01 AM

NG Both Sides 

Description

As you see in the chart, price is moving in the ascending parallel channel and currently, it has been pushed to the upside after retesting the channel’s lower band.

If price breaks the red resistance level at 4.515 and closes a bullish candle above this level, we can expect a rise on NG to the channel upper band.

On the other hand, since we should always consider the another side either, if price breaks the yellow support zone around 4.300 and closes below this level, the bullish scenario is canceled and price may drop to 4.00
Comments
CobraVanguard
Very good Idea. Thank you!
Mahtab_Tradia
@TheTreeTrader Thanks mate!
KlejdiCuni
With the actual geopolitical events, we can expect this price development in NG. Thanks
Mahtab_Tradia
@KlejdiCuni Thanks for sharing your thoughts
ProjectSyndicate
alright this is perfect thank you
Mahtab_Tradia
@ProjectSyndicate Appreciate your support
Solldy
perfect perfect. great target
Mahtab_Tradia
@Solldy Thanks mate
mponevar
What should be the sale/close buy area?
Invest-Profit
it is possible to form a triple top
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