gLloW
Short

Short NGAS below $2.955 to $2.50, then Long

FX:NGAS   Natural Gas (Henry Hub)
It appears that NGAS is in the perfect upward reversal pattern, except it hasn't broken the neckline and there is bearish div             on the upper hourlies and daily. also, the waves and momentums have not broken into any new uptrends lately and it doesn't look like they will. That tells me that there is a pullback before NGAS goes well into the $3s (and likely further). Notes are on chart, and as I note there, this is a short unless the upward H&S pattern is confirmed with a break of around $2.955.
Comment: NGAS still wasn't able to break the upward H&S neckline and finished the day with a shooting star candle. Also, at the very end of the day, it broke below the uptrend channel that it has been in since 9/7.
snapshot
Trade closed manually: at 2.909 I'm closing this idea. I now believe the NGAS is about to go up... besides, my focus has turned to UVXY because I think we're about to get another big drop in the market.
Comment: NGAS went up over 4% today
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out