NATURALGAS (NATGASUSD)NATURALGAS (NATGASUSD)
BUY @CMP 2.840
BUY RANGE 2.840 TO 2.825
TGT :- 1st-2.990 2nd 3.074
SL- 2.760
NGAS.F trade ideas
NATGASUSD: Close to Head and Shoulders formationGetting closer to the neckline (Head & Shoulders Pattern).
But before that happens some upside(correction) is left
NGg --- H & S on hourly chart in makingFor intraday traders,.... Head & Shoulder is in making on hourly chart. At the morning it is looking like rising wedge and gave a downward breakout also. But price return back in wedge and at the moment final wave of last shoulder is in making. Watch it carefully and try to earn. Thank you..... I am not pro member, so chart I used is very little. I can not draw it accurately. Sorry for that.
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
