Natural Gas has followed my previous outlook by posting what seems to be a simple zigzag with ending diagonal in its final stages. From here we can expect a new wave up. Alternatively this correction can be complicated into ABC flat or WXY double zigzag. But tradingwise there is no reason to expect such further complication at this moment. I also expect oil...
- UNG falling wedge still intact, - NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag. - hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
I believe the leading diagonal wave (a) has ended, and we are now in wave (b), which can take various forms (including the possibility that it has already ended). I suggested a few possible paths. Once there is a pattern or a mature wave count in wave (b), I can make an assumption when exactly the next leg up will occur.
A quick update here. ✔️ More faith in the upward trend. 🌫️ The near-term forecast for the next few days is a bit uncertain since there are various ways to read the expanding diagonal.
Natural Gas (NG1!) is trading inside a Bullish Megaphone that has just priced its new Higher Low. The price is above the 1D MA50 (blue trend-line) and has started the new leg to a Higher High. Before that however, it has several Resistance levels to overcome, namely the 2.690 Resistance and before that the Lower Highs trend-line. As a result we are buyers but set...
Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. ...
I'm keeping an eye out for a potential leading diagonal. For rigour, I should also include the possibility of expanded diagonal (pale red), which is thought to be unusual but extremely uncomfortable if realized, sowing doubt and despair.
- UNG falling wedge still intact - potential lacking follow through on the bears on Friday - Natural Gas needs to confirm 1h uptrend as their very first step
My dear friends, NG1! looks like it will make a good move, and here are the details: The asset is approaching an important pivot point 2.228 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.366 About Used Indicators: Super-trend...
NG1! - Classic bullish pattern - Our team expects growth SUGGESTED TRADE: Swing Trade Long NG1! Entry - 2.171 Sl - 2.081 Tp - 2.306 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! We are going long on the NG1! with the target of 2.461 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! NATGAS is trading in a Downtrend and the pair Has formed a bearish flag Pattern so now that we are Seeing a bearish breakout I think that the price Will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅NATGAS has formed a bearish Flag pattern while trading in a Downtrend so IF we see a breakout Then I think that the price Will go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Natural gas, which fell sharply from $ 6.5 to $2 is trying to recover again. During this process, critical levels were determined. These levels appear at $2.10, $3.50 and $5.50. As long as it does not fall below the $2.10 level, I can say that the $3.50 targeted buying opportunity in natural gas continues.
- UNG rejected from falling wedge upper resistance now dropping a little more then what bulls want to see - need to confirm a hourly uptrend as the first step for bulls - want to see it hold it hold 6.65 otherwise going to 6.3
broadly speaking, it is sideways with a fairly large range. but we can still take a chance on a good moment. if you look at the current elliot notation, it is likely that the price will go to the previous HH, you can take a long opportunity with the SL area below the invalid area
- Natural Gas First Daily uptrend in a while, still continuing - potential Weekly bull flag if we don't retrace over 0.382 - Next key resistance at 2.65 zone