I'm republishing this along with an image. Fibonacci spirals on TradingView are not static which causes problems viewing the spirals correctly. Please refer to the image to understand the intended result.
Fibonacci spirals on TradingView are not static unfortunately which is why I don't publish more often. Have to post an image to ensure proper spiral placement.
Please review notes on chart. Don't sell yourself short by containing yourself in a linear format. Price action follows a curve.
Centerline catches pretty good price-action (frequency) of this market. The prior Hagopian way down below at the L-MLH tell us, that the market will go back more then from where it came. So, this would imply that we will see NG soon way above the centerline. P!
NATGAS after it's rally reached it's 1)200EMA,20)it's mid-term channel boundaries and 3)61,8 FIB level has bounced back to 3,030 level. Weather forecasts can't give more fuel to this rally due to the time of the season. Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels. Top is near that's why i am going...
Looking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma
Bearish signal if channel will be broken to the downside
This idea is in accordance with my larger term view of the very large Bullish Bat which completed last week @2.547 (idea linked below). I missed that entry but patiently waited for a new pattern. Now I have found 2 bullish bat patterns to get me in to the (hopefully) longer term move. One advantage to this method is that the risk is much less than with the...
I've labelled what I see with Natty. I think we see a short leg down in the next couple of weeks. The daily seems to be printing a flag right now. We need more time for confirmation however. After that, we probably see a really powerful impulse up that could last 6-12 months.
still struggling should b touching near 2.65
A simple chart showing the downtrend of NatGas since the peak of Dec, which is the norm as winter days started to decline. However the weather becoming bearish so quickly has resulted in a steeper decline. I believe we will decline until early March.
After the trendline breach, I expect a pullback to the breakout. Then a further decline to the centerline and from there potentially back north. Hunt mode on. P!
April Natural gas is creating a head and shoulders pattern. Have been watching this for several days now. Seen too many of these H&Ds to go backwards, but it is a potential sell opportunity. Scenario 1 Falls slightly and then moves higher with a fall later on Scenario 2 Falls now to possible 2.780 which would make it size of head from neckline.