Everyrise use to sell targe 5.5 to 2.5,, clear cut its sell safe trader can sell after weekly red candle,, strictly avoid long position if have so book as ap
Dear Buddies!!!!!
My view on NG is Bullish
Following is my study
1. My Time Frame is Hourly Basis
2. Price Action: Morning Star is Printed on a Long Term Support
3. Stochastic Just Gave a Positive Cross Over
4. My Setup is : Fake Break Down and Failed Bollinger Band Challenge
5. 5 EMA gave Positive Cross over to 13 EMA
6. Elliot Wave: My opinion is Wave C just...
Since 06-OCt Natural Gas is in a corrective move and is forming a Flat In Black ((A)) ((B)) ((C)).
It seems in formation of Last leg (5) Blue down as indicated in chart this will complete correction and one can look for BUYING opportunity for long term.
However to encash the smaller move in Wave (5) blue we have initiated a sell position with stop loss @ 4.045...
Hi All,
NG now in a channel pattern in Daily timeframe. Now can try long position.
for the more clarity on buy look at 1H/4H timeframe, there is a double bottom pattern but the trend line is not yet broken, once broken the target is almost the top of the channel.
Buy : Buy now or after the the double bottom's neck line is broke.
SL : 4.788
NOTE : Monthly...
Natural gas looks like it has completed a bearish triangle sequence and looks ready for upmove
Can be bought with breakout above the marked level for new high, SL below recent low
R:R looks good at 1:2.5
Natural gas forming head and shoulder pattern in daily timeframe. Daily trendline,demand zone,neckline coincide. so time to watch reversal candle or strong selling volume candle.if fresh selling we wait pullback to neckline
Natural gas is right at the 1.414 fib extension w.r.t to the highs of 2018, the rsi is extremely overbought on the weekly charts, and the entire up move has been characterized by low volume.
I would not be surprised if we saw a 20-30% correction in the short term.
Keep strict stoplosses of right around 6.8.
Natural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
