Skyfall from 1.5289 or 6.02
Multi Timeframe Analysis
Hint: Overextended, the natural gas train will begin a deep descent from 1.5289
Investors rushed to natural gas expecting a protracted Russian war. Now, Putin's army is sputtering and gutted while Ukraine had been granted emergency NATO membership. The upbeat vibe compounded by warming weather will kill the prices for natural gass
Basis:
1. The completed Bearish Bat and Navarro harmonic pattern on the Daily chart is likewise supported by bearish harmonic patterns on the Monthly and Weekly Charts (Navarro as well).
2. Similar to BTC , the money flow index had shifted to red
3. Overbought on many timeframes.
4. Bearish Consumer Commodity Index Hidden Divergence on the Daily Timeframe .
On the Daily ahart, the Sell entry is at 5.128
On the Monthly and Weekly chart, the Sell entry is at 6.02
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Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow.
Hint: Overextended, the natural gas train will begin a deep descent from 1.5289
Investors rushed to natural gas expecting a protracted Russian war. Now, Putin's army is sputtering and gutted while Ukraine had been granted emergency NATO membership. The upbeat vibe compounded by warming weather will kill the prices for natural gass
Basis:
1. The completed Bearish Bat and Navarro harmonic pattern on the Daily chart is likewise supported by bearish harmonic patterns on the Monthly and Weekly Charts (Navarro as well).
2. Similar to BTC , the money flow index had shifted to red
3. Overbought on many timeframes.
4. Bearish Consumer Commodity Index Hidden Divergence on the Daily Timeframe .
On the Daily ahart, the Sell entry is at 5.128
On the Monthly and Weekly chart, the Sell entry is at 6.02
------
Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow.