NATURAL GAS - Buy Entry - H4 Chart
One to Watch 👍 Will need a confirmation candle off the Yearly Pivot Point
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones:
One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn.
One tall resistance zone that while not very strong could still...
Am looking to continuation of the bullish rally as on the small time frame (4HR ) we have a head and shoulder parttean formed
looking at the weekly and monthly, we had a shift on the direction of price as it broke the previously formed low with a body and then bounced off to the
upside where we had a formation of a HS partten
we have already gotten cofirmation...
Natural gas markets have turned around after initially falling during the trading session on Tuesday to reach down towards the $2600 level. Ultimately, the 50 day EMA above will be tested as resistance, but I suspect that the real target will be closer to the $3000 level.
📍 Natural Gas
The proud floor - such is the name sometimes given to support - is a useful weapon in the hand of buyers. And yet for a time, I toyed with the idea - a seasonality one, I must admit. We cannot simply dismiss the deep examination; namely the elements and the strategies involved in trapping our opponent. For example, the fake breakdown and slingshot...
Natural Gas - Weekly
Bottom Line : "Big-picture" Bullish.
Repeating : The higher probability view is to label the Primary wave ((C)) decline as an ending diagonal to complete Cycle y . Ending diagonals are terminal structures. They are typically followed by swift reversals that retrace the entire length of the pattern. There’s not enough historical price...
the natural gas trend has been changed and the script is bullish at the current market scenario. There is a good position in the swing long.
Stop loss: 180
Time frame: 4-8 weeks