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Redllipp
Feb 23, 2022 5:49 AM

cup and handle pattern - Natural gas - Day tf Long

Natural GasCapital.com

Description

spotted a cup and handle pattern on the daily chart, which explains why bullish support trendline on weekly tf still hold, and it can potentially back to the top (October high). The fundamental point of view also supports the technical analysis with Russia, US and Ukraine going on. I think this makes perfect sense - and from there we might never see 3.5 again this year :)
Comments
DedusAlelus
Today it's showing a declining trend.
chartduck
careful winter coming to an end
Redllipp
@chartduck, always stop loss ;) - hope this work out though but if not can always jump out
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