Bearish possibility is projected here. Bearish shark pattern
hey traders, Summer's crazy bullish rally may be interrupted soon. the price is entering a key weekly supply cluster based on 4 last year's price action. analyzing the previous reaction of the market to that area, chances will be high that the market will at least stop there and start a consolidation. depending on the price action on a daily, I will try to...
The speculation and the hurricane season should be finished. Eliott pattern is also done and there is a nice bearish divergence. Target 2.20
Pattern: Channel Up on 4H. Signal: Bullish on the 4H MA50 or if the Channel Up breaks upwards. Target: 2.650 and if 2.680 breaks (+12% from low) potential extension towards 3.000 (+27% from low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me...
NG at the daily view. Natural gas is stuck between two trend lines. They're acting as both support and resistance. Currently, Natty is above all major moving averages which is bullish on its face. That said, this could go in two directions. 1) September usually has a pullback due to cooler weather and less need for A/C. However, the temperatures are just high...
NG at the daily. NG usually has a pullback in September due to cooler weather, but not quite freezing. There are several supports below. 2.24 and 2.08 will be kind of hard to break since they are the 400 and 300 DMAs. The lowest price that I see this going is 1.97. It's less likely, but Natty has a tendency to do the improbable. September's pullback may prove to...
Simple trading plan to see price reation on 38% Fibs
As I said Market will change direction The market has responded to what we said yesterday.., So the first target Hit 2.30 So now the second target is 2.175 just wait .. protect your position Mathematically it must go there good luck
As it is obvious from the charts and the title above , the prices of the unrelated commodities, that were presented in the selection above went up significantly from the lows of 2020. It is possible that, with the exception of lumber, that is beating the all time highs for some reason, most of the current price increases are just the recovery to the pre-covid...
NG at the daily view. NG finally played out its measured move from the inverse head and shoulders pattern during the summer and the bull flag from a few trading days ago. The original measured move was 2.48. NG made it to 2.465. Close enough. It's too bad that that I exited my long positions out of risk management. It's Natty after all. Right now, the NG is...
don't miss it . good Luck ^^
Natural gas at the daily view. Natty is currently in a giant bull flag right now. Bears had nearly 2 weeks and every chance to take NG down. However, it didn't happen, yet. Unless that happens, Natty is consolidating for another leg up. The 300 DMA is at 2.08. The 400 DMA is at 2.24. That's why Natty has been bouncing between those two prices. Here is why...
This is natural gas at the daily view. When it comes to natural gas, you have to think big picture first. Natural gas moves much slower and in bursts. During the summer, every trader and the mother was bearish on natural gas. What they didn't see was the inverse head and shoulders forming (marked with yellow curved lines). Natural gas' sentiment is still very,...
Natural gas at the daily view. Natural gas experienced a pullback. That shouldn't be surprising at all since profit taking after a spike up is normal. The lower blue line is the ascending resistance stemming from March 23rd. Interestingly, a long-term channel line is also acting as temporary resistance. So, natural gas has two choices. Either natural gas...