Natural Gas should be showing a trend reversalHey All, Please go through the video and ask me any doubts from the comments section.
NATGAS trade ideas
NG preparing for new blast at 300-310 INR on cards be readyNG preparing for new blast at 300-310 INR on cards be ready...
View negate if 210 breaks on weekly close basis...
Ideal tgt is 300-310 but aggressive tgts for positional hold are : 350-470-540+
Natural Gas Major breakdown given Short @ every rise INR levelNatural Gas Major breakdown given Short @ every rise
INR levels to short 219-221
SL above 225
Natural Gas trading in the Zone 2.895 and 3.055.Natural Gas trading in the Zone 2.895 and 3.055.
trendline is moving up but it might break based on the either side of the breakout we can go for Long if 3.055 is broken and we can go for short if it breaks 2.895.
NATURAL GAS buy for short termNatural gas has formed up trend line pattern in 4H time frame, a proper trend reversal is confirmed.
buy @ CMP expected target is 2.878. Expected target to reach in 3 week.
BULLISH BAT in NATURAL GASOnce it reach at D, reversal can expect
The chart is self explanatory and is for educational purpose
If you agree the idea, support with like
Bullish Falling Wedge spotted Wait for the breakout to enter long for intraday only. 2:1 reward ratio.
NATURAL GAS : WYCKOFF ???????? ✔✔✔✔✔✔✔Natural Gas : Long
Wyckoff :
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
NATURAL GAS ANALYSIS BY DHANUSHKUMAR MIf Natural gas close above the resistance (3.032) in daily time frame we can expect bullish.
If Natural Gas break the trend line we can expect bearish.
I will update.
Naturalgas Ascending trendline formed in 1hrs chartNaturalgas Ascending trendline formed in 1hrs chart
