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.
NGAS.F trade ideas
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
💡 NATGAS . Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 2.378 on 12/08/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
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Natural Gas - Head and Shoulder patternPrice forming head and shoulder pattern and currently at the edge of completing the pattern to break the trend line and fall big. One should only confirm when the price breaks the trend line or the marked levels before shorting the script.
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NATURAL GAS SWING SHORT LEVELSSWING SHORT NATURAL GAS IF IT BREAKS THIS INVERSE FLAG PATTERN ON THE DOWNSIDE FOR THE TARGET OF 2.645
