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swinger
Aug 2, 2016 9:26 PM

wedge, wedge down Short

FX:NGAS240
Natural Gas (Henry Hub)FXCM

Description

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there wedges, and bunches of trend lines, either slowly or quickly it seems is heading down? there are too many paths and they are not all drew... make your own chart if you like.

Comment

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We might break the upper TL, but there is limit up potential at this time. Downside is more possible.

Comment

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we broke the top TL, and we might go a little higher.

Comment

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we are back to old channel s3.amazonaws.com/tradingview/snapshots/g/GTvImpoH.png Looking for 2.55, 2.15

Comment

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Pay attention to the RED TL. It is likely it would be inside the channel for some times.
Wedgetrend
Comments
nnavarrete
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Agreed... we may break 3.10 brother
swinger
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anything is possible, but momentum is turning weak. especially that last H4 candle.
nnavarrete
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That.. I can't deny.. but here is what I thinking..... Consolidation, not trend reversal

swinger
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thx for sharing, my reply came in little late. But we got more evident of direction change. s3.amazonaws.com/tradingview/snapshots/j/JAOpwxyA.png
swinger
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s3.amazonaws.com/tradingview/snapshots/s/SSBMhHen.png This idea is not particular appealing, maybe it is because of the "SHORT" intention. But actually, this can go either long or short, provided intra-day or short term trading only.
swinger
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swinger
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ok, looks someone up momentum
swinger
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everything is still under control, longer time frame is down .... ...
swinger
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broke down one of the trend line.
swinger
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never touched the top TL
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