Natural gas forming ab=cd harmonic pattern with shark harmonic pattern .
that pattern indicate =BUY natural gas between 221-19 add more 195.9 two days closing 168 below target 403-574-801
we kept two days closing stop loss just bcoz of weekly time frame..
above 247 closing will take sharp move for 300-403
around 403 should partial booking can consolidated or...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets.
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Timeframe :
MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
A new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801.
Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of ...
its corrective wave now a is going to complete around 250 and then it heading toward B around 500 in upcoming months and then C but c is lesser than B so this summer Ng touch 150
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction.
There are two reversal points for natural gas:
1) Wave C can occur near wave (4)
2) wave C can accomplish its...
NG FUt Daily Analysis - Positional/Swing Trade
Buy @ 300- 271 range
Target 336- 360- 400-440-480-520-560-600+
SL below 270 if a long red candle closes below 270
Investing in Natural Gas as it is approaching the Mean line again. This is an aggressive bet and does not constitute stop loss like last time as shared in
Because the trade has not triggered buy in the laws of price action at all.
Note -
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...
Natural gas is posed to join the downward channel from highs. With a breakdowndown of H&S pattern, the NG can plunge to almost level of 220, which should act as strong support to take back the price to 500 levels.
Buy above 375 if it breaks. Sell below 375 level for one and only target 220.
Next only Buy level is 220.
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. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green -...
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. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green -...
The chart seems to suggest that there would be a potential breakout from the current position.
Best would be to wait for a confirmation at the close of the 4 hr timeframe.
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. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green -...
Natural Gas
Reversal at 300 levels
Downtrend Reversal observed
Near 20 and 50 EMA crossover
Resistance level - 318, 350, 400
Final Target of 400
SL - 300
This chart is only for educational purpose
MCX 
![NATURALGAS1!: [MCX] Natural Gas Mean Reversion](https://s3.tradingview.com/b/BWyfYCfZ_mid.png "[MCX] Natural Gas Mean Reversion")
