Hi friends, in this post I would like to update my previous idea which worked out perfectly wherein 2 targets were achieved (target 1 & 2 as identified in the chart). It looks like Natural Gas wanted to test the broken H&S neckline again around $2.75. On Friday 26th Feb, the price made a fake breakdown but the closing was perfect with a bullish hammer closing at the support.
From here I expect the price to approach the next resistance around $2.96 followed by $3.16 within the upward channel illustrated in the chart. Overall, it looks like we are in the beginning of a massive rally (wave 3) up towards $4+!!
Link to previous NG idea below:
Please share your thoughts. Thanks for the support and good luck with your trades.
From here I expect the price to approach the next resistance around $2.96 followed by $3.16 within the upward channel illustrated in the chart. Overall, it looks like we are in the beginning of a massive rally (wave 3) up towards $4+!!
Link to previous NG idea below:
Please share your thoughts. Thanks for the support and good luck with your trades.