Natty headed for a fall?

Mar 30, 2021Notice it has broken the purple trendline. It's forming a consolidation pattern immediately below the trend line which usually implies a breakdown. It did pop today just inside the broken trend line, but that could be a fake-out reversal. More likely a deep backtest. Further, notice the correlation of the recent stochastic levels with the orange dotted line. All the circled areas that intersect that level have led to pull backs as indicated by the circled candles on the price chart. Be careful and wait for confirmation of either direction.