NGAS is very interesting these days. It has dropped to the 1.618 twice on straight runs. This latest drop has a wrinkle. It had a .5 retracement in it. If everything is in the right order I will look for long opportunities in or around my PRZ. NGAS has not been this low since June 2012. There is a strong area of support just below current price. There is a...
Ngas is at historical lows, price can not continue falling long time. I think this is a good apportunity to buy. We have a huge divergence on W1 chart, i expect a false breakout and then a rally. Here on D1 chart we have a completed AB=CD pattern. Most important R/R ratio is good. Best regards.
Hello Traders, Here we have a valid bearish flag pattern on FX:NGAS and now we just have to wait for the breakout, probably to the downside. Flag patterns are also consolidation patterns, just like any other harmonic patterns (cypher, bat, butterfly , crab , gartley). This pattern is usually formed after a strong movement in price action. There are 3 main...
After breaking below the 2.55 price area recent price action is seen to pull back into and retest it showing signs of potential downward continuation. This price level is in very close proximity to the 20 ema and the 0.382 Fibonacci level. A bearish reversal bar thrusting off of this bundled rejection region is an offering of a short entry to resume to the...
I don't trade NGAS, some of my traders do and there are a couple request for me to give my views on it . I hope this helps . Thanks to all my followers for your support. Your views are also important to me, so comment ,attach a chart if you have a different view and LIKE (the thumb on the top of the chart ) if you agree. Remember this is only my view and you do...
Because price has broken out of a channel I will look to join the down trend on NGAS at the potential retest of previous structure around 2.64.
Hello, from my point of view gas and oil already bottomed. Four months ago i published and idea on NGAS long: That idea is still valid, price didnt break last D1 lows and now is consolidating forming a series of 1-2 s Last ugly consolidation is wave 2, i saw this structure on other charts. We have also: - AB=CD pattern tell us that correction for wave 2 has...
Hey all, Nice little cypher setting up on the 4HR. I'd definitely be looking for extended targets. This one has alot of potential
UPDATE #8: Hi everyone, sorry for the late update. Our 2nd target has been reached. All positions are now CLOSED. UPDATE #7: For traders who avoided being stopped out, your first target has been reached. Stop loss now moved to break even. UPDATE #6: For traders who placed their stop loss above the "previous resistance zone" you would still be in this trade....
UPDATE #2: Stop loss hit. All positions are now closed on this trade. UPDATE #1: Trade is active now. See the chart in the comment section below for exact entry price. Hello Traders, It's been quite some time since I've posted any new idea, especially in Forex. That's mostly due to the situation in Greece and the uncertainty that it has caused in the...
UPDATE #3: Hello traders, finally got my trailing stop hit. All positions closed on this setup, a good trade overall. UPDATE #2: Target #2 achieved. Majority of my positions on this setup are now closed. I only have small position left for the 3rd target with stop loss moved to 2.812 (previous LH). Just trailing the stop loss until target #3 is achieved. ...
Natural Gas could be working on putting in the right shoulder of a inverse h&s. Above 2.71 would give added confidence to a likely retest of the noted neckline. The timing of this retest could occur within the next 2-3 weeks. Confirmation of this inverse h&s would have an implied target of ~3.7 with a completion likely this fall. Below recent lows at 2.6 and...
This is just a simple technical chart showing the area that I'm keeping on my watchlist to potentially be on the bid for Nat Gas which is the support / demand area highlighted around the 2.500 area. This is still bearish on higher time frames, and well below the D1 200 Moving Average so do keep that in mind. Seasonally this is around the time when suppliers /...
NGAS Natural Gas Pitchfork Break Down Natural Gas price has broken down out of its pitchfork channel from the peak of $3.1 Charting further test of support levels at 2.534, 2.471 and 2.437 I'm currently long and will be looking to reduce the average cost of my position by short selling.
The 60 min trend is down ,looks like one more leg before it turns .
Gotta play the waiting game here but leaning to the short side either at confirmation of the break of trend or back at the to of the speed line (likely tomorrow on inventories if that occurs)
I am a litlle bit late with poblishing but as you can see these is why i think market is retracing. First there is ABCD pattern " witch normally is retraceble up to 38 % of the AD leg Second we have divergence on stoch while the market is going up. Third - structer is verry importent.
Due for some pullback, nobody can deny that.