After the completion of a Bearish Bat price moved lower as expected. Possible reversal (or bounce) date around 23.02.17
Currently in a downtrend.If it breaks above descending black line is a possible buy
Natgas seems ready to bounce at current levels
ENTRY SHORT 8.64 STOP LOSS 9.21 TAKE PROFIT (1/2 POSITION) 7.86 TAKE PROFIT (REST) 7.36
ENTERED SHORT 17.2 SL 18.20 TP1 15.5 TP2 14.3
Gold in sterling pounds has formed during the last 4 years a bearish cypher pattern. Targets of the pattern: 1st target (reached)--->905 The price bounced at 905 price level 2nd target (To be confirmed)--->820