Nitish4189

XNGUSD ( Upside) Bullish moment is possible in long term.

Long
FXOPEN:XNGUSD   US Natural Gas (Spot) (XNGUSD)
XNGUSD is making Falling Wedge Pattern as shown in the figure. Its in a Day chart and respecting trendlines completely. A very strong support point at the downside in daily and weekly chart patterns.

1) Day chart is making Falling Wedge Pattern
2) More than 56% downfall from the Top.
3) Respecting Trendlines completely.
4) Defiantly, it will take time to recover this big fall.
5) Bullish moment is strongly recommended from this point now.

Take Small Small lots in the upside directions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.