bageltokki

holding on longs

Long
bageltokki Updated   
FX:NGAS   Natural Gas (Henry Hub)
buy the dip?

seeing if grey area is a valid order block, green line should hold... had some good consolidations past few weeks.

targetting at least 3.12 area. break of that would also break bearish market structure on weekly and possibly indicate "bottom" is in

also have seasonal cycle support
Comment:

nested divergences in 4 hr. this downmove has no strength...? we shall see.
Comment:

potential wave count. sold 1/3 of position, expecting wave 2 of 3 to add. prolly form a bull flag on lower TF
Trade active:

tripled my NG long position, exits listed on chart. is it coincidence that exit targets (based off fibs) coincide with stop loss locations for people shorting?
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