Natural Gas - Swing trade #LONGNatural Gas - Reverse from support line
Next resistance will be at 3.170
If R1 breaks, we can expect a big rally towards 3.575
Keep stoploss at 2.920
Good Luck, Traders!
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 En
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, Bul
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 - 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
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 commodit
NG in Triple correction NG in Wave 4 formed triple correction WXYXZ
now ready for strong bullish trend will update once wave 5 th started big target expected
NG Elliot wave count NG is in ABC correction forming Zig Zag A in Zig Zag Correction A have five moves 1-5 Now NG is in Wave 5 Of ABC of A moves
This for Study purpose
Natural Gas - long for 25 %weekly breakout crossing the pivot level
MACD are positive
target and SL marked
Natural GasNatural Gas respected the zone very well . Demand to Supply Zone trading .
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Displays a symbol's price movements over previous years to identify recurring trends.