Nat Gaz testing support in his short terme bullish chanel
On Friday Nat gaz broke his down trend that started at 2.9 ( down trend red line)
we are now retesting this down trend... and the horizontal support.
We did higher high and higher low on thurday and friday.
we are going on on strong volume, and i feel there is not much volume on down mouvements.
We opened sharply down at 6pm, but we still respect the support, the fibo, the bullish chanel and still over that red line from the down trend.
Note that there is a 50% fibo at this level
I'm note 100% bullish following this down open, but I feel if we stay in this bullish chanel, we can stay long.
will not be surprise to go lower short terme, but graphique tell me i should take long position when possible
and right now we have a beautiful support to go long with stop loss
we are now retesting this down trend... and the horizontal support.
We did higher high and higher low on thurday and friday.
we are going on on strong volume, and i feel there is not much volume on down mouvements.
We opened sharply down at 6pm, but we still respect the support, the fibo, the bullish chanel and still over that red line from the down trend.
Note that there is a 50% fibo at this level
I'm note 100% bullish following this down open, but I feel if we stay in this bullish chanel, we can stay long.
will not be surprise to go lower short terme, but graphique tell me i should take long position when possible
and right now we have a beautiful support to go long with stop loss