As some of you recall, i had been looking on this to longed, somehow BingX removed it and put it back in for trading . so when that happened i stopped loooking into this until they put it back in. anyhow, this one is good for a long run and i would say it could only give you good entries... my idea is an ABC (grabed some on the end of B), but if i look left...
long position establishing here again. this trade is risky. I see a bullish continuation pattern a Cup and handle to be exact. the breakout is not confirmed. however the Ad is showing an ascending triangle on lower time frames.
from the chart on the 30min of ngas, the Ad has created a double top and there is already a bearish cypher pattern currently present. looking to short to C leg around 2.68 natural gas.
Last weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation...
and you'll also notice that previous resistances is currently acting as support. There are two bullish set ups.. the bull flag, which you can clearly see if you remove the bullish cypher pattern. Looking for price action to breakout out the triangle and retest the highs
After a significant adjustment, natural gas has gradually bottomed out and formed a wave of bottoming rebound. In the short term, the upward momentum is weak, but the bullish signal has already appeared. It is only a matter of time before the bulls launch a strong attack in the future. At present, what is needed is to wait for the market to adjust again before...
I see a bearish cypher pattern forming and im looking to short to C leg which I have around the .236 fib level
My analysis for the Natural Gas chart on an all-time scale leads me to believe that we will never see NGAS at such low prices, ever again in our lifetime. The comfort provided by this natural resource is in a paradigm shifting phase and soon to become a luxury.
NG is way under it's 33yr POC of $2.57 and near the Value Area Low VAL. I'm stepping into it slowly, as it could dip quite a bit more, maybe as low as $1.50 helped by DXY running up. However, long term it should be safe to enter around $2. First target is the VAH ~ $4.
bearish abc pattern from the 4th elliott wave. leading into a bearish abcd pattern. oil will take off again . long energy, natural gas stocks. I like xle
Analysis of natural gas on the hourly chart = The analysis is based on trend analysis and Dow Laws = He crossed a downtrend to the top =Build a successful Dow Swing from the bottom = Exceeding the level 0.0103 to the top, the targets are 0.0107, then 0.0131
We hope the price will go down so we can buy cheaper
Very weird things are happening in the natural gas space. It might be getting ready for the biggest short squeeze.
I did the best I could with the count. Please share your take on natural gas if you could. Thanks for the view.
I entered long position at 2.73 Freeport LNG is going to open soon after months of being offline. Export of US LNG to EU will resume which will lower EU prices and rise USA prices.
Bearish pressure is expected to persist in the coming days or week due to increased natural gas production following a June explosion that shut down a Texas LNG facility. The facility is expected to take at least two weeks to become operational again, but bullish pressure may return once it does as well as if winter conditions return in late January or early...
Hello every one If the triangle seems to be broken, maybe the gas will return from these price ranges, and I think there is a high probability that we are now at the bottom of the gas price. A triangle has been drawn that if the candles leave the upper part of the triangle, there is a possibility of an upward trend. Be sure to keep an eye on the chart and don't...
$NGAS - Heading to our Target! What a prediction! Nailed this drop in Natural Gas. Europe and its its coin: The Euro, have been eating the fruits of this sudden drop. I expect support to come in very soon, after that I think #NaturalGas will start to play a smaller role.