Natural gas is at crucial levels.
Rising wedge formation can be seen on weekly TF.
2 Doji weekly candles can be seen at resistance levels, if breaks 284 on daily candle close then can expect more upside, else looks probable to come down to 250 levels
P.S. Wait for Daily candle close breaching 260(downside) or 284(upside)
Bullish Cypher found in NG buy zone marked in green lines, SL will be black line book and exit as per your convenient.
Before take entry consult your advisors and take your own risk.
GOOD LUCK!
Note: Tomorrow No ideas/calls sharing by me: The reason is:
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After a 12345 impulse , there should be a three wave correction. Based on the current structure, sell natural gas in the current range 275-76 with SL of 279 for tgt of 268/265
Natural gas looks weak to me.
Making lower lows.
RSI trending down.
Short @ 266.8
TGT 259.3
sl 272
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
It a nice sell signal from 281.5-281.7. If SL safe you can see minimum 10 points down side.
SL & Tgts marked in chart for better exits
Consult your own analysts before take this entry.
