Natural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426
If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias.
Most investors treat trading as a hobby because they have a full-time job doing something...
It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily.
(Color code for diagonal trendlines: green - bullish...
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#CRUDEOIL (5hr Chart):-CMP 7590 looking good for 7800,7900++, Only above 7630/7645 Hourly Closing.
#Disclaimer:-View shared is for educational purposes only.
Brent oil crossed a downward-sloping resistance from mid-June to refresh the monthly top on Friday. However, a sustained break of the 100-day EMA, around $99.50 by the press time, as well as the $100.00 threshold, appears necessary for the buyer’s conviction. Following that, the black gold price could quickly rise towards the 50% Fibonacci retracement of the...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistance (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
Natural gas Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone, and Plan Sell trade when it touches the supply Zone. MCX:NATURALGAS1!
![NATURALGAS1!: Natural Gas Intraday Buy Level [6th Ocotber]](https://s3.tradingview.com/r/RR28HsLl_mid.png "Natural Gas Intraday Buy Level [6th Ocotber]")
![CRUDEOIL1!: Crude Buy and Sell Zone Marked [For 3rd October ++]](https://s3.tradingview.com/i/I5v1q1eH_mid.png "Crude Buy and Sell Zone Marked [For 3rd October ++]")
