This is just a quick summary with some of the most interesting coincidences that have happened with my drawings. I look for candlestick patterns or shadows near the shapes, but sometimes I also stretch my imagination to look for other meaningful or strange occurrences. The price hit some of my icons so many times this week, that I decided to make this video. I...
- Natural Gas confirm its daily uptrend
- broke bullish out of the equilibrium wedge that has been chopping around for months.
- Ideally for bulls we re-test the wedge and bounce off of it
- for bears they would want it to break back into it
- 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.
Bullish pattern on the 1-5 min but careful for taking longs because the market still is in a downtrend looking weak with weak earnings especially top-line
The Russian invasion of Ukraine has caused the Russian stock market to collapse (as low as 50%), taking crypto prices along for the ride in a very clear way. As the news unfolds we're likely to see more divergences in the way individual coins operate, but for now, the patterns between Russian/US stocks and crypto seem to be moving in parallel.
One thing to be...
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