NATGAS - Bullish Thrust Weakness and Asset Value at Risk
The Progressive Increase in Volume when the Bullish Thrust was weakening keeps the risk of trading still high, for the purpose to continue the bearish trend.
Trading is all about Risk. This is the end of the latest Bearish Trend Segment, for now.
The price reached the Asset Value at Risk Resistance. So,...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
NATGAS Descending channel on a weekly chart. The pattern is valid for the period of almost 10 years.
Always start your analysis on a weekly chart.
Once you identify the pattern on a weekly chart, you can rely on it for a long time in the future.
Remember: The stronger the trend is, the harder it changes its direction.
Cheers!