I plan to let this one set up, but eyeing a long entry for the heart of presumed wave 3 off the lows. Retrace may not be as deep as I've depicted. Taking out the recent high after an initial 3-wave correction could indicate the rally has begun. Higher high could also be a (b) wave in a flat, so I'd put my stop ...
Following on my idea posted at the beginning of this year. https://www.tradingview.com/chart/NG/mo2vyfDV-Gold-Expectations/
With the break of the $5 support, this potential reversal to the upside is looking weak. I expect strong buying near $3.50, after which we'll see a test of the $5 level as resistance. ...
As I mentioned in my Natural Gas Forecast, I believe that Natural Gas is ready to move up, so I decided to check out CHK which I believe is in the NG business. It appears that CHK is nearing the bottom of a descending wedge with the potential to break out and form a great H&S reversal pattern. The hourly waves ...
Near-term outlook noted on chart. See previous ideas for more info.
Price opened right at the bottom of support today, and I'm giving swing longs a bit of room. Continued drop would be reason to stop out imo.
This drop doesn't much resemble a b-wave of (iv) with RH trading. The AH NG chart has more movement, ...
Scanning over some stocks most look like topping patterns. looking at some gold stocks gives the opposite impression with some in uptrend and others like NG breaking out of a 2 year base. NG looks to be approaching a key resistance level. This will be a good opportunity to gage the strength of NG. I'll update if I ...
Bottom of my target box was tested today with 6.47 low. Should 6.47/.38 fail, then I'd expect 5.89 to be tested. Positive divergence still holding on MACD.
Original purple ED count was invalidated 2 days ago. I've revised it here in order to demonstrate that a rally should not necessarily be viewed as a long ...
UNG posted new lows for the week. Positive divergence on MACD is still holding.
Lower trend line of presumed ending diagonal was exceeded. Possible today's fall was an overshoot. Probability this will be a lasting low in natural gas can only be confirmed by an impulsive rally with 5 waves ...
Slightly adjusted ranges from yesterday.
Upper levels are 208.76 - 209.00
Lower levels are 207.00 - 207.50
Watching Oil and Nat Gas (NG report at 10:30am EST). Looking for confirmed breaks outside of the consolidation range for a potential two day move into the thick wedge trend-lines in blue.
TWTR expected to open at 46.19 for a Gap N Go. Last candle bullish on the hourly so wait for retest. Could make a good swing trade too. To learn to trade this strategy for free go to www.RealLifeTradi+ng.com
Long Consumer Staples, Short Consumer Discretionary
A defensive pair for major market correction at historical low level.
The pair is breaking out from a four months correction.
Expecting it to run back to 0.7, indirectly hinting for a potential S&P correction is coming.
I did this for my own reference.
The monthly rolls are approximate, do you own due diligence.
The weekly supply data comes out on thursdays at 9:30 EST
Trading View allows you to scroll into the future and project future events. Scottrade Elite does not.
Sierra Charts for a futures account allows you to do the ...