Natural Gas (NG1!) is printing a wide Head and Shoulders (HS&) pattern of the 1W time-frame. A similar such pattern was formed on the previous 2022 Top, which also started the descending trend of NG.
If the H&S plays out as before, it should technically target the 2.0 Fibonacci extension at 1.275, which would also be a Lower Low on the Channel Down.
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If the H&S plays out as before, it should technically target the 2.0 Fibonacci extension at 1.275, which would also be a Lower Low on the Channel Down.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.