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Ngaslong

NaturalGas Pull-back is to start as per Elliot Wave AnalysisAfter sharp fall from top of the wave 5 or we can say top of June month, it has fallen in five subdivided pattern as a wave A, which clearly shows that correction is in zigzag pattern, we all know some basic rules for zig-zag correction, that it comes in three subdivisions like A-B-C, and wave A always subdivides into an impulse or leading diagonal, and wave B always subdivides into a zigzag, flat, triangle or combinations, so here we are assuming that wave A has almost at the wedge of completion, and possibly wave B his ready to start as a A-B-C towards north directions, which can lead towards 61.8% of recent fall (wave A), which is near $7.571 or more towards $7.976, on the way down $5.30 is a support area to watchout for. However, pullback will just be a counter trend rally and once wave B rally is completed, then wave C will unfold, and decline of wave C should probably be equal to wave A. Overall scenario Sub divisions in wave A Fibonacci retracement levels Trigger point Can be like this as per rules Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
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by RK_Chaarts
1
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 3.400 is major support; while this level is not broken, the Midterm wave will be uptrend. We will close our open trades if the Midterm level 3.400 is broken. Technical analysis: While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low. A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected. Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 71. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3000 TP5= @ 3.150 TP6= @ 3.400 TP7= @ 3.650 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_ME
4
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Take Profits: TP1= @ 2.02 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity_EU
3