NATURAL GAS is printing falling wedge pattern on the monthly timeframe.
Price bounced off the falling wedge support and is heading the resistance level.
Possible LONG price actions are indicated on the chart
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI resistance #1 at 52 is not broken, the probability of price increase would...
Natural Gas could continue in this bullish channel however, I would like to see it pull back into this support level before going long again. You need to remember Natural Gas is a seasonal commodity and generally around winter time is when it will be utilized to combine that with another potential lockdown here in the UK could see people stuck indoors for longer...
2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2.200 is broken.
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would...
While the price is above the support 1.400, beginning of uptrend is expected.
We make sure when the resistance at 2.250 breaks.
If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI bounced from the support #1 at 30 and it prevented price from more losses.
While the RSI...
been watching this again and this looks to be making a deeper correction here we can see the pattern that's forming now can this be the last push to the downside ? lets see how we play out looks good more than happy taking trades like this
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak...
hi guys just a little breakdown on a few pairs and just waiting now for the right time to get in the trade stay patience we don't need to rush anything let it come to us :) please understand if price action changes then i will do my best update this
So taking this trade into what's happened with price before this is a no brainer if you ask me so we either break lower hitting the outer structure and then start a bullish run or we start from the double bottom.
I see a small drop first to around 1.660, in my idea this then longs without much resistance to around 2.125, I do see some action here, small retrace possibly to 1.950, but overall I see continuance moving to the 2.500 region
NATGASUSD long from 1.675usd level. We wait for the time being. The rule set is that the movement of the chart is symmetric to the ATR closing values. However, there is a small screw. For better representation, the figure shows the time frame D1. In contrast, I calculated the ATR closing values based on the W1 data. Nevertheless, the end result is credible. Back...
NATGASUSD 31% correction gain. I'm expecting a north turn in the exchange rate. There are two possible reasons for this. Both are technical. One is that the ATR final values were tested symmetrically. I present this on an additional chart. The other is that an earlier fractal copy starts the chart. The figure shows the first fractal. My guess is that the elevation...