I normally do not predict too much in future as its not always relevant for my trading strategy as I do not trade on this large time frame... however I have to post this ... Based on my analysis , I expect a significant pullback on a longer term chart... The magnitude of pullback would be at least to the 1900-1920 level...even lower ...over the period of next ...
Based on my analysis and RSI Bull divergence I am expecting an upswing in NGAS Entry : 2.96 Stop : 2.934 TP1 : 2.99 TP2 : 3.015 TP3 : 3.28 Expected time for of this trade is 6-12hrs max 24hrs ...If the prices stays within a small range of entry price after 4-6 hrs... I will close the trade after 6 hrs
RSI divergence , MACD crossover and my custom indicator points that we should see a pullback from here... These is one reason not to enter the tread however ... no sign of weakness in price action yet and price action still looks like a bull flag... I opened a short position at 2175 with stop at 2180.6 TP1 : 2167.5 TP2 : 2160.6
I have been waiting for this trade for a couple of weeks. Just start of uptrend... MACD crossover and RSI divergence on 4hr chart.. Wait for a small correction before long entry Based on my analysis this will have atleast a 20% upside from here Entry : 24.90 Stop : 22.4 Target1 : 27.4 Target 2: 29.9 Target 3 : 32.4