This is my idea for NatGas.
I think after this rebound we can start soon the 3°wave...
After the first wave that had hit target we had a potential 2° wave (less than 100% of 1°) so before the next wave, we can have a retest of support area but in any case my stop is under 1.5$. Area between 2 and 2.4 is good for accumulation long position.
Analisys is for weekly plan (In this market I suggest a daily or weekly trade)
Potential long target will be 3,6 and second 4,4 and third 4,9 (next 6 months)
I think after this rebound we can start soon the 3°wave...
After the first wave that had hit target we had a potential 2° wave (less than 100% of 1°) so before the next wave, we can have a retest of support area but in any case my stop is under 1.5$. Area between 2 and 2.4 is good for accumulation long position.
Analisys is for weekly plan (In this market I suggest a daily or weekly trade)
Potential long target will be 3,6 and second 4,4 and third 4,9 (next 6 months)
Trade active:
Long from this area can be a good opportunity
I think that the second wave is finished.
Next pèotential gap recovery
I think that the second wave is finished.
Next pèotential gap recovery
Comment:
Trade active:
we are in cosolidation area so, as stated in my plan I add a long position
In any case note that short is really strong so we can have more deep near to stop area... be careful to calibrate trade sizes well
In any case note that short is really strong so we can have more deep near to stop area... be careful to calibrate trade sizes well