Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green -...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
republishing herewith natural gas weekly idea in day time frame
here i was slightly wrong, but always give range and important lines, so price followed the price lines
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
Crossover of trend line marked in circle.
When ? - On 1 hr time frame - 1400 - 1500 hrs, on 15 mins time frame 1415 -1430 hrs IST
This may change the trend. The trend will follow the 1 hr candle. Opportunity for momentum trading
Cross over of trendlines - Trendline on Daily Time frame will intersect with trendline on hourly time frame
Ascending triangle & Bearish Flag pattern Breakdown.
Signalling weakness to continue.
Given the Length of Pole & continuous correction past few months, the next downward move can extend to 140-110 zone.
This can be the last leg of selling hence expecting a fierce move downwards.
Please Read my commentary on Chart
Natural Gas - With Bullish COT repots, NG has now the potential to touch 4.4 in coming weeks and months. I will be looking for "Buying Opportunities" on 240/60 Mins TF
If Daily closes above 3.1 (On Friday, it just missed that) it will give additional strength to this view
Re-publishing my idea dtd. 25.02.2023, after touching monthly inside candle price made a good recovery also able to touch the green line
if u hv gone through my educational idea " Scenarios when a price makes a big and fast upward moves", i cited this movement of natural gas as an example
![NATURALGAS1!: [MCX] Natural Gas Mean Reversion](https://s3.tradingview.com/u/uoHjFAcC_mid.png "[MCX] Natural Gas Mean Reversion")
![NATURALGAS1!: [MCX] Natural Gas Assumptive Support Bet](https://s3.tradingview.com/i/iili2uSq_mid.png "[MCX] Natural Gas Assumptive Support Bet")
