gbleier

NATGASUSD - H&S Pattern Idea

Long
OANDA:NATGASUSD   CFDs on Natural Gas
If you look at the past 4-5 strong reversals, they have almost ALL been H&S reversals. I'm going to go ahead and throw this out there!


November is approaching quickly, and is a month where these prices tend to spike. Not always, but likely.

Price might go down to 2.13-2.15 area and back to neckline. RSI divergence on H1 plot.

If it breaks this, next strong levels are 2.0 and 1.8 based on fibonacci and past supports.

Just an idea -

Comment: Playing out exactly as I had expected. As I was first here to call the H&S reversal for this time frame, I will gladly stand by this sentiment. Temps are becoming colder, and I think we can expect a bounce at 2.22-2.23 area.

Stop loss in place if it moves past shoulder length.