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GMR-Capital
Mar 13, 2023 10:22 PM

NATURAL GAS-Did we bottom? Long

CURRENCYCOM:NATURALGAS1D
Natural GasCurrency.com

Description

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During previous posts, linked in description, we tracked the bearish patterns unfolding in a macro ABC to the downside in Natural Gas.
Now, targets of wave C are reached and the structure seems complete. Bulls where shaken a bit out, and price reacted impulsively from 2.115, and then retraced to the Golden fibo zone, where today's daily candle was printed. Natgas may be now reversing to the upside.

Comment

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waiting for the green box

Comment

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no signs of reversal

Trade active

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ww activated, long order @2.346

Trade active

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order triggered, stop loss on entry

Comment

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Long got closed on entry, and we did not re enter.
Current situation

wolfe wave is failing, but still no lower low.
No positions for now

Trade active

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ww saved and popgun bar pattern: long from 2.344 stop loss 2.29 risk 0.5%

Order cancelled

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closed before closing on invers hammer. Loss 0.4%

Trade active

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last chance before invalidation

Comment

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still no positions.. no reaction until now.. this can easily die lower..

Trade active

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here some reaction. Longed @2.13 stop loss 2.1 risk 0.4%

Trade closed manually

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closed on entry

Trade active

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restriked on fake out 2.11@

Trade closed manually

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closed with small gain
Trend AnalysisChart PatternsWave AnalysisEnergy CommoditiesGASNatural Gasnatgas
Comments
Koreanboy1
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Natural Gas will reach a NEGATIVE PRICE same as 04/2020 Crude Oil
JoeChampion
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Exceptional work, keep us updated!
GMR-Capital
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Hello! Yes we are looking for price action. At that area. Our first tp will be 3.1, then the gap at 4.2, and possibly holding a part of the position for higher targets in case macro uptrend resumes
FlashingGraphs
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@GMR-Capital, Thank you for your insight!
FlashingGraphs
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@GMR-Capital, nice PA today. Hopefully reversal is in and re-test of $3 on the way.
FlashingGraphs
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@GMR-Capital, what is your target? 2.5?
GMR-Capital
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Still 3.1, 3.6 and then 4.2
FlashingGraphs
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@GMR-Capital, Thanks!
FlashingGraphs
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@GMR-Capital Are you looking for 2.3 for entry? What would be your PT from there? Re-testing 3.1?
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