NaturalGas Uptrend Movement with Target 3.2Symbol Naturalgas
Timeframe Day chart
Analysis
MA6 is above MA 18 && MA 18 is above MA 40.
MACD value is above zero.
Pattern found is W pattern and CUp n handle Pattern.
NGAS trade ideas
Local High lows and Swing High Lows
If we want to succeed in trading the first thing which we have to understand in a chart is the Difference between Local Lows and Highs and Swing High High Lows.
Many retailers like me run into major losses and earn only a little profit because we are not able to understand this concept. Those who know, it thumps up for them and for those who do not may take the advantage of this discussion.
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Natural Gas - Bullish Move Starts.
The picture and notes tell you the whole story. Please refer to my previous analysis on NG. Links provided.
I use confluence of Gann, Fibonacci, Wave Analysis, Wycoff along with personal indicators which helps in analysing things very easily and clearly.
I am no a registered Analyst with any of the National/International Agencies. This is only for educational purpose, before making any decision, please consult your financial advisor. I will not be responsible for any of your losses or profits.
Let you grow, may I follow you.
Happy to share. Thank you
Natural Gas - Buy above 2.618 and remain invested
Natural Gas has completed all the 5 upwards and 5 downward formations. Moreover , it has completed ABC Counter waves.
Now, it is forming bullish formation in lower time frame of 5 minutes. But, stay away till the level of 2.618; Once that is breached it will become bullish. Still two days of trading left in this week. Wait for proper levels to come.
Close your short positions in NG, if any once the level off. 2.5 is breached.
Please refer to my previous posts on NG. Links provided.
Let you grow, May! me also by following your steps.
Natural Gas- Stay invested Complete Wave Analysis
Stay invested above 2.618.
Hello Friends
Presenting here is the complete wave analysis of NG. It has completed entire uptrend wave 1,2,3,4,5 market by black curve. Downtrend a1,2,3,4,5 also and counter moves marked by mustard color curves. Now it has made trend line corresponding to 2.618. New Cycle is starting Now. Stay invested to watch the reversal from 2.618.
Disclaimer: This is only for educational purposes and please consult your Financial advisor before making a decision.
Natural Gas- Live AnalysisGo Long with stop loss of 2.666, Target open,
The content has been generated only for education purposes. I am not a registered analyst with any of the national/international regulatory agencies. Before making any decision please consult your financial advisor. I will not be responsible for any of your losses or profits.
Thank you.
Please check my previous analysis on Natural Gas. Link provided
Natural Gas Long above 2.667 SL 2.65
This is the time to buy NG after close of this 4H candle above 2.667. Its pure Price Action. Price retracing from high of previous swing marked by black lines and Red Diamonds.
This is in no way any recommendation. Please refer to my previous analysis on NG.
Natural Gas- Long only after completion of 4th wave
Natural Gas after making three waves traced back to complete 4th wave and after completion of 4th heading towards 5th and last move of the cycle.
Taking support at the red lines market with RED Diamonds. Three candles of 4 hours have formed there showing strength. But, Let these Highs get broken to confirm the completion of 4th wave and move out of the green square.
Please refer to my previous analysis on Natural Gas
Natural Gas - Crucial Level 2.877
If above level is broken expect next levels of 2.953, 3.02 & 3.057 but no long decision till this crucial level of 2.877 is broken. in terms of INR level of 234.9 is very crucial. If Level of 2.877 is not broken, expect retracement till 2.5
The Author uses Gann, Fibonacci and Wave Analysis along with his own unique and leading indicator, which makes analysis very easy for investing, swing trade and intraday as well without going through cumbersome process of Price- Time and Value Analysis.
For Execution, please use other indicators as Williams R% and EMAs etc.
Disclaimer:
Author is not registered Analyst with any of the National/ International Agencies and this content has been created only for educational purposes. Please consult your financial advisor before making any decision.
Happy to share. Let's grow together.
NAUTRAL GAS TIME CYCLE AND HARMONICS 10-08-2023Natural Gas seen a major decline in past now Harmonics pattern...indicating (Small and Large Circle) Same pattern in Natural gas Expecting a huge rally in NG in Coming Months.
Trade in Future With SL & Carry Forward can be done.
:)
A boost is for Appreciation and Support
Natural Gas forecastNatural gas seems to follow the parallel path. Currently good opportunity to go long with small stop loss if daily candle breaksdown the parallel path in day close.
Natural Gas - Possible A Or B ?Natural gas short term either possible A pattern or B pattern
Objective :- A or B pattern possibility
1. Resistance and support trendline given.
2. If Resistance respect by NG than we can see B pattern bearish Side.
3. If Resistance break by Ng than we can see A Bullish pattern.
Chances - 75/80% we can see A pattern.
NG broke outNG has broken decisively from the triangle on the bottom. It looks like it has bottomed and starting the bullish impulse. Have entered with small position. Will add on pullback.
Long natural gas Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder with the target being the depth of the head from the neckline breakout.
Zig Zag corrective pattern and the Case study of Natural GasHello Friends,
Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves.
Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas.
Principles and Guidelines of Zigzag correction pattern
1) Zigzag correction pattern is a 3 waves structure which is labelled as A-B-C
3) Subdivision of wave A and C is 5 waves, either impulse or diagonal
4) Wave B can be any corrective structure as 3 subdivisions
5) Zigzag is a 5-3-5 correction structure
Fibonacci measurements
Wave B is always contra trend which generally retraces near 50% or 61.8% of wave A, and can also retraces up to 85.4% to 90% of wave A
Wave C can generally be expected near 100% of wave A, but sometimes if it is extended then it can show 123.6%, 138.2% or up to 161.8% also.
Sometimes if wave C is truncated then it can be near 61.8% of wave A.
But ,If wave C is going more than 161.8% of wave A, then we should be cautious, because it can also be some kind of impulse wave instead of corrective wave.
Case Study of Natural Gas
Natural Gas almost done as expected till now as per zigzag corrective pattern, it would not be wonder if it looks to be doing a double correction higher in wave (ii) bounce & can see 2.786 level sometimes in next week before turning down as a wave (iii) of 5 of (C), On lower time frame if it doesn't crosses high of March 2023, then it can show some down moves to complete wave (iii), (iv) and (v) of 5 of bigger degree wave (C).
After big correction as zigzag pattern which had already reached extreme levels in wave (C) which is more then 123.6% of wave (A), so now anytime it can start fresh impulse moves towards north directions, so instead of finding selling opportunities, one should try to find buying opportunities only after confirmation, and confirmation is price crossing high of march 2023, once its crossed peak point of march 2023 then no selling is recommended, then its only buy on dips with invalidation levels of Low of April 2023 as a stoploss, because it must be ending the bigger correction from last year peak, and can be taken as fresh impulse is started.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
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RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
ascending triangle in natural gasPotential ascending triangle being formed in the commodity. Given the long time on the hourly charts this can take the commodity to the previous months highs. Worth going long with the stops just below the nearest low.
Natural gas breaking out above the key levelNatural gas has formed a reversal pattern on the hourly charts and is now breaking out above the resistance level which can set the stage for a sharp rally in the commodity.
Natural Gas setup explained for a long trade Natural gas is trading above resistance levels and using the key levels we can say that the longs now with the stops below the key pivot level of 2.3000 will work out well. Target can be around 2.4300 for today as that is the next resistance level which has held earlier as well.
Natural Gas , bottom target levelNatural Gas , based on the Head and shoulder pattern, still it will go down bottom target level
NaturalGas downtrend Movement potential with target 2.280Symbol: Natural gas
Time frame : 15 minutes
Analysis: Breakout of the support line. Natural gas downtrend movement potential.
Sell at 2.350 with stop loss 2.380 and we can expect the target up to 2.280.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Natural Gas starting up move holding 2.35Natural gas has 5 wave rise now it should hold 2.35 levels if its starting series of impulse.
Trade idea would be wait for positive day close & long with swing low Stop Loss.
NATGAS looking bullishNATGAS is looking bullish the H4, with the upward momentum line holding, possible long on this H4 DZ zone
