TradingView
QuantitativeExhaustion
Feb 22, 2017 2:57 AM

Chart Study  Short

Henry Hub Natural Gas FuturesNYMEX

Description

Monthly Chart
1) Momentum: falling, but above center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 3/4 - Bearish Candlestick
Trade: Bearish Hold

Bi-Weekly Chart
1) Momentum: falling, but above center line
2) Divergence: Negative + Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 3/4 - Bearish
Trade: Bearish Hold


Weekly Chart
1) Momentum: falling, below center line
2) Divergence: Negative + Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 20 1/2 - Bearish
Trade: Bearish Hold

Previous Support Area
- - - - - - -
Daily Chart
1) Momentum: falling, below center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: Feb 22 1/6 - Bearish
Trade: Bearish Hold

Previous Support Area
- - - - - - -
12 Hour Chart
1) Momentum: falling, below center line
2) Divergence: Failed / Convergence
3) Recent Trend: Down
4) Recent Candle: 18:00 Est 1/6 - Bearish
Trade: Bearish Hold

Previous Support Area
- - - - - - -
4 Hour Chart
1) Momentum: rising, below center line
2) Divergence: None / Convergence
3) Recent Trend: Down
4) Recent Candle: 1/4 Bearish
Trade: Bearish Hold

Previous Support Area
- - - - - - -
1 Hour Chart
1) Momentum: falling, below center line
2) Divergence: None / Neutral
3) Recent Trend: Down
4) Recent Candle: 9/10 Bearish
Trade: Bearish Hold

Previous Support Area
- - - - - - -

Comment

Possible support driven cloning.

Comment



1H SQZMOM indicator has been giving us a good heads up, as to when volatility is to occur. Natural Gas has stayed in a wide range 2.70-73 / 2.56-53

Comment



Either is a good trade.

Trade closed manually

Comments
QuantitativeExhaustion
8 hour chart momentum moving towards positive.

1 Day chart momentum shift. One bar could be enough to give us divergence.
QuantitativeExhaustion
Lower time frames starting to show us the divergences and momentum shift.
Hightower
@QuantitativeExhaustion, thx for updates
QuantitativeExhaustion
@Hightower,
momentum on the 1 Hour chart trend down



Holding 3k shares of DGAZ at the moment
Hightower
@QuantitativeExhaustion, what level are you targeting with ngas short?
QuantitativeExhaustion
@Hightower,
we have not seen a point of exhaustion MACD. Chart showing significant hits on support/resistance .50 from hi/lo and every .50 hi/lo thereafter.
Hightower
QuantitativeExhaustion
@Hightower,
two long tweezers near a top, 2 Amigos. Usually a bearish sign.
QuantitativeExhaustion
@Hightower, 15 min chart .. not very reliable, but there is a divergence.
QuantitativeExhaustion
@Hightower,
and there it goes.
More