Possibilities 1: Wedge breakout can go to the trendline support and then bounce back hard upside.
Possibilities 2: If trendline breaks successfully We can go for long-awaited short to the very bottom of the channel.
Use proper risk management.
Could this be the long-awaited Head & shoulder pattern for the reversal of Natgas for the potential jump to 3.5$?
Well, we never know that but keep this pattern in mind. We are Bullish today if we see any candlestick confirmations.
Trade 1 = RR: 1:1.5
Trade 2 = RR:1:2.5
Trade after the breakout. Take two trades. Close half position at flag top and the second target channel top.
The flag can breakout in either direction but Since this is a bullish flag probability is high on Upside.