Natural Gas - Bearish DivergenceAs per my study and Elliott wave pattern analysis that Natural Gas peaks at end of its Impulse Wave. It is also found that it makes bearish divergence between Wave 3 and Wave 5 as shown in the chart attached, Price makes Higher high and MACD makes higher low or equal low, that indicates NG loses its bullish momentum to start its corrective wave of ABC. Kindly validate my understanding and correct me if i am wrong.
Trade ideas
Natural gas trying to make bottom biy near recent low Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Naturalgas - 5 wave impulse done?CMP: 3.4100
TF: 4 hour
Looks like a 5 wave impulse from the lows at 1.9150 has come to an end.
The final leg (5th), seem to be incomplete though (if you consider marking 1-5); but that mostly looks like an abcde with e giving a throw over move spike.
Risk reward for longs is not good.
Also, Bullish BAT/CRAB formation seen on hourly TF. It is still at initial stages though. Invalidation level would be 3.6310
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
natural gas longNatural gas has been in an uptrend on the daily charts for a while and after some correction on the daily time frame it has broken put from a head and shoulder reversal pattern on the hourly time frame. It is now re-testing the neckline support. This is a great entry point for a long in the commodity to capture the trend on the longer term time frame with a reasonable stop loss at the low below the right shoulder.
NATURAL GAS (THE - W CHART PATTERN ) #CLASSIC UPCOMING WEEK The W pattern, also known as the double bottom pattern, is a bullish reversal pattern that signals a potential change from a downtrend to an uptrend. Here’s a concise overview:
W Pattern (Double Bottom)
Definition: The W pattern forms when a stock’s price makes two distinct lows, separated by a peak in between, resembling the letter “W” on the chart12.
Components:
First Bottom: The price declines to a low point, indicating the end of the current downtrend.
Middle Peak: The price then rises to a resistance level, forming the middle peak.
Second Bottom: The price declines again, but this time to a higher low or the same level as the first bottom.
Breakout: The pattern is confirmed when the price breaks above the middle peak with increased volume12.
Trading the W Pattern
Identify the Pattern: Look for two distinct lows with a peak in between.
Volume Confirmation: Ensure the breakout above the middle peak is accompanied by high volume.
Entry Point: Enter the trade when the price breaks above the middle peak.
Stop-Loss: Place a stop-loss below the second bottom to manage risk.
Target Price: Set a target price based on the height of the pattern (distance between the bottoms and the peak) added to the breakout point23.
Nat Gas Support&Resistance Levels Nat gas structure is still bearish under 2.3500 but finding support on previous month lows area. Immeadiate resistance area is 2.2040 and immeadiate support area is 2.1000 check price action on these levels to take entries accordingly.
Abovve 2.2040 if sustains long for targets of 2.3000,2.3500,2.3999
Below 2.1000 if sustains below short for targets of 2.0867,2.0248,1.9473.
NG (XNGUSD) Weekly Technical Chart Analysis 09-13 Sept., 24📈 NG (XNGUSD) Weekly Technical Chart Analysis
📅 Date: 09-13 Sept., 2024
📊 Range Trigger Point: 2.45
📉 Weekly Range: 0.25
🟢 Buy Above: 2.37
💼 Average Position: 2.34
🎯 Buy Target 1: 2.61
🎯 Buy Target 2: 2.70
🔵 Stoploss: 2.29
🔴 Sell Below: 2.31
🎯 Sell Target 1: 2.30
🎯 Sell Target 2: 2.20
🔵 Stoploss: 2.39
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#NaturalGas #XNGUSD #CommodityMarket #TradingSignals #TradingTips #TechnicalAnalysis #NG
Natural Gas (Short) 1) The price is now at the daily resistance line from here the price can fall.
2) Price is below daily 50EMA and 50 EMA act like resistance.
3)Here a decline in the market can be expected after the 5 wave structure is complete.
4) there is double Bearish divergence in hourly
5)Fake breakout creates an opportunity
Natural Gas - Live Market Analysis
Please read the notes as mentioned on the chart.
4-18-24 4:25 AM
4-18-24 8:52 AM
4-18-24 1:18 PM
4-18-24 5:44 PM
4-18-24 10:11 PM
4-19-24 2:37 AM
11:59 p.m. candle was pivotal last night.
Disclaimer: I am not a registered analyst with any of the National or International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Thank you
Natural Gas - Live Market Analysis 15-04-2024
Please read the notes as mentioned on the chart. Time candles for today are
4-15-24 12:58 AM
4-15-24 5:24 AM
4-15-24 9:50 AM
4-15-24 2:17 PM (Pivotal)
4-15-24 6:43 PM
4-15-24 11:09 PM
Pivotal candle will decide the future course of action.
Disclaimer: I am not a registered analyst with any of the National/International Agency and it is only for educational purposes. Please consult your financial advisor before making any decision, I will not be responsible for any of your profits/losses.
Natural Gas - Live Market Analysis
Please read the notes as mentioned on the chart.
12:37 candle is pivotal.
Disclaimer: I am not a Registered Analyst with any of the National or International Agency and it is only for educational purposes. Please consult your financial advisor before making any decision.
Natural Gas - How to Trade - Live Market Analysis
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a registered analyst with any of the National/International agency and it is only for educational purpose. Please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
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Natural Gas - How to trade tomorrow
Please read the notes as mentioned on the chart. Time candles for tomorrow are 4-8-24 9:10 AM (Pivotal)
4-8-24 1:36 PM
4-8-24 6:03 PM
4-8-24 10:29 PM
4-9-24 2:55 AM
Top most candle is pivotal and will decide the future trend in the evening session.
10:29 p.m. candle is pivotal for evening session.
Disclaimer: I am not a SEBI Registered Analyst. It is only for educational purposes. I will not be responsible for any of your profits or losses.
Thank you
Natural Gas - How to trade today - Live Market Analysis
Please read the notes on the chart.
Today's time candles are
4-4-24 7:31 AM
4-4-24 11:57 AM
4-4-24 4:24 PM (Pivotal) Going to decide the future trend
4-4-24 8:50 PM
4-5-24 1:16 AM
Disclaimer: I am not a registered analyst with any National/International Authority and it is only for the educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses
Thank you
Natural Gas - How to trade on Monday
Please read the notes as mentioned on the chart. Time candles have also been mentioned on the chart out of them candle for 5:23 p.m. is pivotal which will decide the future trend.
Disclaimer: I am not a registered analyst with any of the National/ Internatonal agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
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