Nat Gas`s midtermtrend is clear bullish. Within this trengas formed a nice flag, which consolidation exemplary reached near to the min. correction level 38,2.
These days we see the first initial breakout move. Some people are buying directly the break of the flags body (yellow).
If i would do that, i only would bet half a position on it, because for me the flag pattern is not yet active.. My personal "real " trigger of a flag is always the upper edge of the flag, here 3.00$ ot the yellow "2".
Flag TP: 3.4 - corresponding to the max. correction level fibo 61.8
The RSI is near its overbought level, though you have to exspect a corrective move of the last upwave.
Trading below the yellow "3" means aiming 2-2.2$ and the last low @ 1.6$
Resists: 3.0/3.06/3.35
Supports:2.87/ 2.8/2.75/2.52/2.47/
Comments are welcome -agree or disagree - i need some COMMENTS :-)
These days we see the first initial breakout move. Some people are buying directly the break of the flags body (yellow).
If i would do that, i only would bet half a position on it, because for me the flag pattern is not yet active.. My personal "real " trigger of a flag is always the upper edge of the flag, here 3.00$ ot the yellow "2".
Flag TP: 3.4 - corresponding to the max. correction level fibo 61.8
The RSI is near its overbought level, though you have to exspect a corrective move of the last upwave.
Trading below the yellow "3" means aiming 2-2.2$ and the last low @ 1.6$
Resists: 3.0/3.06/3.35
Supports:2.87/ 2.8/2.75/2.52/2.47/
Comments are welcome -agree or disagree - i need some COMMENTS :-)
Comment:
aha
Trade closed: target reached: