The NGAS has pulled back the 0.618 retracement of the previous decline and the market will be likely to continue the down trend.
Meanwhile a pinbar appeared after the market hit the 0.618.
So it is good to sell short at 3.06-3.08 levels.
SL:above 3.20
Target:2.66 and further more
Meanwhile a pinbar appeared after the market hit the 0.618.
So it is good to sell short at 3.06-3.08 levels.
SL:above 3.20
Target:2.66 and further more
Trade active:
The market is still struggling at this zone.
Comment:
Tha market moves as expected and more profits are taken.
Trade closed: target reached:
All short positions should be closed because the reversal pattern appeared.