If you were to start at the Monthly Timeframe you'll see in October of this year it reached the top of the Supply Zone. It had a long bull run due to an energy storage and demand for natural gas went. Price hasn't been this high since '18. Now With producers having to replace natural gas with oil to meet demands, new covid strand, a warmer winter than anticipated and lining up with technical analysis we have a long term swing.
Going down to the 4hr Drawing an uptrend, it broke and retested that trend line for a perfect entry and confirmation of a sell. Price fell beautifully and has pulled back for another entry, there is a sign of a hidden bearish divergence. Hidden bearish divergence letting us know it will continue to sell long term. Prior to the pull back there was a regal bullish divergence. Regular bullish divergence indicates a pull back in a downtrend, making a good entry point for the continued sell.
Going down to the 4hr Drawing an uptrend, it broke and retested that trend line for a perfect entry and confirmation of a sell. Price fell beautifully and has pulled back for another entry, there is a sign of a hidden bearish divergence. Hidden bearish divergence letting us know it will continue to sell long term. Prior to the pull back there was a regal bullish divergence. Regular bullish divergence indicates a pull back in a downtrend, making a good entry point for the continued sell.