Use this as a guide to develop your view on the Chart.
Main Items we can see on the 4hs Chart:
a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave
b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650
c)The main structure for the down move is a descending channel, is very...
Use this as a guide to develop your view:
Main items we can observe on the 4HS chart:
a)Price has broken the primary structure (yellow lines) with a bearish movement
b)The price found support on the 2.20 level
c)We Expect an ABC formation with a pullback to the broken structure
d)If the ABC formation happens, we forecast a continuation of the bearish movement...
Colder and more snow than normal in the areas that drive demand, but is that enough to eat the surplus?
Support is holding @19.21, 9cent's below the daily setup trend @19.30
mostly negative to neutral
Inverted Hammer on an 8 downtrend = Bullish in a downtrend
Star Doji = Bullish in a downtrend
Gravestone Doji = Bullish in a...
Price just broke out of our inverted head and shoulder neckline. We are expecting price to have a minor retest before rocketing to the upside.
We may find our first level of resistance @ ~2.45. We are targeting the upper 2.60's.
For entries, we will be waiting on lower time frames for a retest of neckline before going long.
Use this as a guide to develop your own setup
Main items we can see on the 4hs chart:
a)The price is against a Weekly resistance zone
b)We saw a clear rejection of that level
c)On MACD we can see a bearish Divergence showing the weakness of the current bullish movement
d)The current ascending trendline was broken
e)We will wait for an ABC pattern o something...
Table of contents:
§ 1 Chart analysis
§ 2 Fundamentals
§ 3 My plan to enter
§ 1 Chart analysis
Looking at the NG!1(LNG futures) price, it's quite easy spotting the giant downward channel that price has been moving within for a while now.
As you likely already know, if you are a conservative trader like I am you would look only to take shorts at this point at the...