Masih-Iran-Spain

Masih-Iran-Spain

Are we going to change the channel and breaking out the trend line ? Or we should expect to taking profit from here ? Last Friday we had a good move up but on Monday we saw a big sell... Can cycle repeat again ? share your ideas please...

Masih-Iran-Spain

keep watching it , it the trend line can not support the price, another false breakout result in lower price... sharp dry maybe triggered with the EIA Natural Gas Stocks report (1 h later)

Masih-Iran-Spain Updated 

let´s see...

Masih-Iran-Spain Updated 

Market is forming a double top pattern for a bearish move, also in 4 h it seems trend line is about to break so the next support levels are shown in green, however it seems we should expect a nice correction

Masih-Iran-Spain

Are we going for a false break out ? (1h and 4h)

Masih-Iran-Spain

4h clearly shows NG doesn't have enough power to break it's previous high. maybe another false break out happening and a beautiful red fall! these candle is very important, if it close within the channel reveal strong market rejection and most likely we have to seek for lower 61.8% target. it may form shooting star pattern. very good opportunity for sell. watch it!

Masih-Iran-Spain

personal opinion: look at the long term channel, euro edged to the top of it, maybe a false break'out shape here, maybe a bit more to 1.188 The blue support line acting as the other resistance for the current price that´s why it is stopped here now in this monthly chart, if we see the candle, it´s a long body all green candle which tried to penetrate ichimokou...