Buy for the 5th wave up after the completion of the ABC swing.
We can also trade the ABC swing typically for a 1:1 projection.
Best entry level(Buy) : 2.455 - 2.485 zone
TP : 3.06 zone ( compare with quotes on your broker platform)
On the 5th of August NatGas printed a multi year low.
28 +1 day later we tagged the 200 SMA
Before I start the update , I suggest you to read this idea from April:
I was a bit early there, but actually nothing has changed: we started a new 3 year cycle. And in this 3 year cycle I...
Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.
* NatGas is deemed as one of the best trading (investment) opportunities currently present on the market.
* Resistance volumes are absent in the range from $2.50 to $4.10 = open Upside potential.
* Smooth ascending motion on low volatility...
very interesting market sentiment on natural gas.
the market has recently broken above a key falling channel,
and we see a very nice bullish rally.
one more thing, that I have noticed is that
after a breakout there was no pullback.
buyers are just pushing the market higher,
and now gas is approaching...
I decided to post this chart because I noticed that , at first glance NATGAS completed 5 waves up and therefore, at the end of this retracement, Traders will think that that the move will be up to the 3 rd wave of the higher degree.
I was trying to fit Fibonacci as confirmation, and it didn't match .. I went to a lower time frame and I adjusted the...
Why the previous long idea is so interesting....?
I highlighted by red arrows the 3 year cycle lows.
There was a one in 2006 Sept, the next 2009 Sept, then 2012 April, and 2016 March...
And I think the next one is here in 2019 April....
On the monthly chart the bear started in 2006.
The first multi year cycle printed the low in 2006 September. The second one broke...
Natural Gas is showing signs of strength aligning with seasonality data.
"Analysis has revealed that with a buy date of September 2 and a sell date of October 20, investors have benefited from a total return of 56.09% over the last 10 years. This scenario has shown positive results in 7 of those...
Commodities peaking my interest this week, we've got a textbook bat pattern on the 4h chart for Natural Gas that's in the final stages of the CD leg.
The measurements for a valid bat pattern are detailed below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
There's a butterfly pattern on the 1h...
The NATGAZ is going up and flirting now with the 200 Moving average if the MA break and the 2.70 level we could continue this bounce and target 2.88 but if we fail to break the 2.70 level the probability to get to 2.59 is high so my strategy is to wait for the morning open and see how the market react to the 200 MA and short if we have a bearish pattern
Daily rsi overbought with bearish divergence, histogram turning, potential bear macd cross, inverted hammer and holding below the daily 200ema? Yes please. I like my odds here.
Let's see what happens on this one. I'm just looking at the chart, so if there's news maybe I'm screwed...lol