NATURALGAS - Time to Move up?CMP: 3.4020
Price is trading closer to the 0.618 fib retracement (3.3780)
AVWAP (On Daily TF) from the swing lows is placed at 3.4083
Price has been declining non stop without any meaningful pullback and I believe that the price will halt and reverse from here.
On Daily TF, it has left 2 FVGs at
Long on Natural GasNatural Gas is showing signs of a potential reversal after retesting a key demand zone near $3.75. The chart suggests a false breakdown followed by an immediate recovery, which could trap shorts and trigger a move higher.
Trade Plan:
• Buy Trigger: On breakout above $3.78
• Stop Loss: Below $3.7
Elliott Wave Analysis on Natural Gas (XNGUSD) – Potential Wave 5We are observing a classic Elliott Wave structure unfolding on the Daily timeframe of Natural Gas (XNGUSD). Here's a breakdown of the current wave count:
Wave (1) started the initial impulse move up breaking the previous downtrend.
Wave (2) retraced sharply but respected the Fibonacci support zone.
Naturalgas downtrend Movement upto 3.2Symbol Naturalgas
Timeframe 1 hour
Analysis Breakout Below the suport line
can expect a downtrend movement upto 3.2
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Also, please respect the ri
Natural Gas - Why I am Bullish for last few months? LOGIC.A rise or fall is essential part of the market.A fall may be either a BUYING opportunity
or a SELLING opportunity. It all depends on the Trend.
In my previous post, I predicted a BULLISH Natural Gas on 3Month timeframe. But it does not mean it will rise each day for next 6 to 12 months. It will be
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Displays a symbol's price movements over previous years to identify recurring trends.