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 -...
NG consolidate in this zone more than 2 weeks, it should break this zone will tell the down trend end or not.
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...
Note - Intraday!
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 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...
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
There is bullish head & shoulder pattern found in NG, sustaining 216 will confirm its uptrend.
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...
Levels:
Support: 200-190
Resistance: 220, 230, 250
OI Data (21st Feb Expiry):
Nearest Major Resistance in NG per OI data: 220, 230, 250
Nearest Major Support in NG per IO data: 200
Trade setup:
1. Looking at the OI data, most likely range-round is: 200-250
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Trade | Level | SL | T1 |...
2.198 at Level 1, 1.522 at Level 2.
Natural GAS still little fall can be excepted before to big move, very less chance to recover in this February month contracts, all call options may become zero again like December and January CALL options. So, the March futures contract is the best choice for long-term holdings.
Natural gas gas should be take resistance at fib level if sustain go short term long if resists then short but support is at 197.4 if breaks then it ll fall further.or natural gas treand is negative at higher TF so Trend Is friend
![NATURALGAS1!: [MCX] Natural Gas Intraday Trade](https://s3.tradingview.com/l/lgkDaC80_mid.png "[MCX] Natural Gas Intraday Trade")
