NG Price got rejected yesterday from the daily resistance at 3.60 where the point of control for volume is at the 1d chart. Price was overbought at 1d and 4h and bearish divergence formed. Today it broke below the recently made bullish orderblock at 3.55.The marktet structure is now bullish for both daily and 4h but there should be some retracement before further uptrend. The most recent broken resistance which is not tested as support at the the 4h chart is 3.35-3.29 with point of control for volume at 3.20. I'm expecting that price could correct till there before further upwards move.
So for a long entry I'll be looking at bullish divergence from oversold positions at 4h or daily near 3.20-3.35.
For short entry following the downtrend of 1h/15m I need a pullback and rejection again from the highs possibly the most recent broken support from smaller timeframes at 3.60-3.65 - If this breaks up on Monday however then short setup is invalid.
Good luck everyone!
