NATURALGAS1! trade ideas
Is Natural Gas Ready to Complete a "Head and Shoulders"?Natural gas started to make the head and shoulders pattern on the daily timeframe. First of all, let's understand some basics about the head and shoulders pattern. Here, it's a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline.
In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following 180 - 175 - 168 .
After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203 , the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 - 190 - 200 .
And then the trend will take reversal and fall by breaking the neckline. Targets: 195 - 185 - 175 .
Elliot Wave View: NATURALGAS Looking to Extend higher NATURALGAS BULLISH SEQUENCE
Short term Elliot wave view in NATURALGAS JAN Futures, suggests that cycle from 2nd November high is unfolding as a Impulse Elliot wave structure. On the 120 minutes chart, we can see wave MCX:NATURALGASF2021 1 of this Impulse is in progress
buy sell indicator for naturalgas buy sell indicator for natural gas pobo indicator is a straightforward Indicator, which works trading view ,platform
natural gas long tp 202natural gas little upside move expect i move to 198 201 204 210 sl 183 jan 21
Natural Gas - Intraday View(7th Dec)In Support zone, overall trend is bearish so one can scalp few points here on buy side
BTST-WEEKLY : MCX NATURALGAS BUY AT 186-186.50 CBSL 178 TGTS 206Price is Taking Channel Support and Very near to MSP
Natural Gas - Disjoint channel patternPrice formed disjoint channel pattern and currently trading near the important support levels. One can absorb that the price is falling big and retraces to fall big and then again retraces - this is the pattern running through in this script. As the price is trading near the important support level one can wait for the price to move away from this place and initiate the trade accordingly.
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