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TheChartWhisperer
Sep 4, 2021 11:56 AM

Natural Gas Big Inverse Head and Shoulders Pattern playing out Long

Natural GasCurrency.com

Description

I have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top.

What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections.

On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
Comments
lauricijs
what do you think where it will goes now natgas?
RHS1010
can we short now
TheChartWhisperer
@RHS1010, it has not reached the target yet from this pattern...
NDSURE
@DobromirZlatev must it reach it
TheChartWhisperer
@NDSURE, thats what I am counting on , stats of the pattern say it has good chance to reach it
Regis18
Nice spot on inverted head and shoulder.
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