- UNG rejected from falling wedge upper resistance now dropping a little more then what bulls want to see - need to confirm a hourly uptrend as the first step for bulls - want to see it hold it hold 6.65 otherwise going to 6.3
- Natural Gas First Daily uptrend in a while, still continuing - potential Weekly bull flag if we don't retrace over 0.382 - Next key resistance at 2.65 zone
- AMEX:UNG AMEX:BOIL PEPPERSTONE:NATGAS Natural Gas clear falling Wedge - Daily uptrend confirmed without much follow through at the moment - bulls would like us to hold prior pivot lows and bonce off next week
- AMEX:UNG AMEX:BOIL VANTAGE:NG Still trading within my falling wedge pattern is getting tight so likely breaking soon - Bounced off of quadrupole support Friday - couple of resistance level right above us may test the upper falling wedge resistance next week
- Natural Gas falling wedge is my support and resistance guide - Currently Daily & 4h Neutral trend - 2 key support below and 2 key resistances above.
- AMEX:NG AMEX:UNG AMEX:BOIL : if i were to add today, I laid out a detailed game plan in the video of how to trade it with SL and target. - 4 hour currently in neutral trend - potentially shaping up daily higher low and trend change to uptrend need to break above prior high - still trading within the equilibrium range likely breaking in early May
- AMEX:NG Finally got a 4 hour uptrend need more follow through tomorrow to confirm - likely heading to $2.5 if 4 hour uptrend confirm follow through tomorrow - tradeable ticker AMEX:UNG and AMEX:BOIL still use the NG chart if you are trading natural gas.
- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade - still a potential weekly bear flag - but still holding bottom wedge support and also double bottom on daily.
- AMEX:NG AMEX:UNG AMEX:BOIL cant stress enough we need to change trends, even if it is a very big move it will just fade if no trends are changed - need to change the 4h and daily trend to the bulls - likely tightening up in a equilibrium into May, still holding the teal support line.
Multiple time frame analysis on Natural Gas. Detailed trading plan. Potential scenarios. ❤️Please, support this video with like and comment!❤️
- NG UNG full bear control, need to see a hourly trend change to the bull for anything to happen. - potential Equilibrium shape up on daily time frame if bulls can hold above $2 - daily 12 EMA resistance
- UNG NG NATGAS 6h 12 EMA is my short term guide - weekly bear flag potentially confirming - 52 week low support bulls need to defend - 1h equilibrium pattern will break Monday
- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be...
- UNG NG BOIL have retraced over 50% fib of the A to B move from the bottom, that's a clear sign that we will likely get an equilibrium base on how significant these swings are. - NG has a tendency to break a resistance and have no follow through vice versa breaking a support and have no follow through so im looking for a equilibrium tightening up price action...
Last weeks NG video i mentioned that this is likely a climax bottom and we are heading higher with potential inverse H&S pattern, it ended up playing out in the hourly time frame and bulls were a lot stronger than i expected. - Looking at the 4h time frame 12 EMA as full bull control support if we don't lose it then we wont be getting 4h and daily consolidation...
We could see a move up in Natural Gas this week based on some indicators that I will explore in this idea.
*Not financial advice* Looking for a bounce in Natural Gas.
9. 1. 22 Natural Gas I went through a lot of structural things and reversal patterns, and some less obvious observations. You need to look at Natural Gas trading higher, and this is something you see on the higher time frames. It may go lower. You want to think like a buyer and the seller... and then you're less likely to be blindsided. I discuss some of this...