Traders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher.
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Could be a perfect spot, historically cheap, downside momentum has slowed and potentially ended, in the midst of a bounce to the upside, I'm sold on this 👍
if this breaks out, how many days on average are we looking at to reach first target? I've not traded on daily candle before. thanks.
vikinsa
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@AwesomeAquil, There is no time analysis here. Also, this is just a daily chart analysis for a bias and trend. You will have to obviously play the smaller time frames got trades in the direction of the bias.