Cup and handle patternCup and handle pattern is formed. Breakout is likely to happen in today or tomorrow trading session.
AVM1! trade ideas
Natural gas fut CMP 186Short for Target 185- 184- 182- 181- 179Natural gas fut CMP 186Short for Target 185- 184- 182- 181- 179-177+
SL above 187.5
[MCX] Natural Gas Swing Buy BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Natural gas fut CMP 183.6 Short for Target 182- 181- 179-177+ Natural gas fut CMP 183.6 Short for Target 182- 181- 179-177+
SL below 185.5
Natural gas fut CMP 184.6 buy for Target 186- 187- 188- 189+ SLNatural gas fut CMP 184.6 buy for Target 186- 187- 188- 189+
SL below 183.5
NG fut CMP 186.8 Short for Target 185.5- 184- 182.5- 181+ SL 18NG fut CMP 186.8 Short for Target 185.5- 184- 182.5- 181+
SL 189
NG fut buy @ 189- 190 levels for Target 191.5- 193- 194.5- 196+ NG fut buy @ 189- 190 levels for Target 191.5- 193- 194.5- 196+ SL below 188
NG fut buy @ 189- 190 levels for Target 191.5- 193- 194.5- 196+ NG fut buy @ 189- 190 levels for Target 191.5- 193- 194.5- 196+ SL below 188
MCX - Natural Gas Futures probable price movementPrice is showing reversal of trend at 4H time frame. It has made HH - HL to move upwards.
A further break of trendline may give further push to the price and the trend.
If the trend is confirmed, it may quickly move up to hit the next target as mentioned in the chart.
This analysis is purely based on the price movement of NG - Futures.
Note: 29/03/2021 is a holiday and the MCX exchange is open only in the evening. So this idea may not pan out immediately. Any further changes will be updated accordingly.
NG fut CMP 182.8 Short for Target 181- 180- 178-176+ SL above 1NG fut CMP 182.8 Short for Target 181- 180- 178-176+
SL above 184 candle closing basis
MCX Natural Gas Head and Shoulders Trading SetupMCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout.
Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop.
X and Y are the formation's size. Here is the value of x 100 and y 74. So, according to H&S formation, it can collapse up to 112 - 86 .
Hurdle: 196
Short-term targets: 170 - 168
Long-term targets: 146 - 136
Here are H&S, RSI, MA, and DMI throwing sell signals.
Elliot wave Analysis # Oil & Gas updateNATURALGAS APRIL FUTURES (LONG)
120 Mins Bar chart (log scale)
Bullish Sequence
Natural Gas - LongBuy Natural Gas above 186.3
Target 192.2
Stoploss : 183.5
Rationale for the trade :
1. Double bottom in 4 hour timeframe
2. Breakout of trendline in 4 hour time frame
3. Rejection from important trendline in daily timeframe.
Natural Gas Futures - ShortThis is a trend based analysis of Natural Gas Futures. Immediate price trend is down. It is currently in the strong WLY S-R area. If it cracks this, price will fall further.
Price has fallen following the descending triangle pattern and is following the trend.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Gann Box to determine possible short term trend changes for intraday trades.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of price movement along the trend. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
