ThinkingAntsOk

4HS Bearish Scenario + Trade idea on NATGAS by ThinkingAntsOk

NYMEX:NG1!   Natural Gas Futures
Main Items we can see on the chart:

a) The price has broken a major support zone

b) Before that happened we observed a consolidation of 150 days

c) Now we can see a bearish breakout and this is the way we will trade it

d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting

e) If the pullback happens we will set orders below the structure and our Target will be the 2nd support zone .
Thinking Ants.
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Comments

detailed overview and chart. thank you for sharing your insights.
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