NATGAS trade ideas
Natural Gas Short SetupNatural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
H&S - formation in progressH&S - it seems right shoulder is in formation means we can see a big downward movement and Breaking of support. It may rise from support though for complex H&S pattern. Keep an eye as the pattern is still not complete, but trend line resistance is obeyed.
Natural gas is at the support zone!Natural gas is at the support zone. Morning star formation at the support zone indicates the trend is about to change. The morning star pattern consists of three candles. First candle is a big bearish candle, second is a small candle which indicates indecision and third cadle is a long bullish candle. Can go long when the candle close is above the trend line. Targets are shown in the chart. Use trail stop to protect your profit.
Study of H&S in Natural GasHead and Shoulder is one of the most reliable patterns that can give you better returns
