After getting knocked out earlier in the month, the most recent range reversal trade has worked out well. I am going to stick with the short position for now as long as the rate of change stays negative and we remain under the 132 bar (or 22 day) moving average. I am still looking for price to hit range lows near 2.238
I was wrong about natural gas last week but I am taking another shot here with a stop above 2.900. Maybe this time it will reverse.
NG - On 23rd Dec 2020, NG was in super uptrend and it started its real fall from levels of 202.40 which can be seen from Moving average crossover. Earlier also 200 was resistance and today also it failed to hold 200 levels and fallen from there. + Closing was below the trendline made by joining highs. Hence, my Positional Call is sell NG @ 198.50, SL 202.40 ,...
This is the future of world energy ! another correction to complete second wave and $6.6 is target of wave 3
Hey , 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. Long: 209 Stop loss: 180 Target: 254 Time frame: 4-8 weeks
We will see insane volatility coming weeks. If NG manage to pass 3 that would push it above monthly fibonacci resistance & pivot. That could easily lead to another 230% gain. I same some targets monthly fibonacci 0.5, 0.6 will settle around 8-10 usd. This will be very quick trading, I will look to short somewhere above monthly Ichimoku, that could be anywhere...
The volumes and patterns are very important in any analysis,
Please share with me your thoughts, kind regards
Simple trading plan to see price reation on 38% Fibs
don't miss it . good Luck ^^
I'm very bullish on Natural Gas over the long-term. We have had a confirmed breakout bullishly from a descending triangle going back years, but now that we have had our early nascent move it might be time to pull back a bit. Of course all is invalidated if it breaks through the overhead support, but for now I'm seeing a small move up with a subsequent larger move down.
The market goes back down but two resistance could limit the fall And don ‘t forget to take your profits…
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the highest probability for price direction reversals