NATGAS - NAUGHTY FALL AHEAD ?
Updated
Cup pattern is complete with double top resistance. Looking for a handle now.
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
Probable retracement area would be $2.5
Once pattern is complete Natty might fly high to $4.5 again?
Disclaimer: Do not consider this as a buy or sell recommendation. This is purely for educational purposes
Note
if at all there is any bounce, and as long as it does not breach the double top, i believe every rally or bounce will be sold from hereon. Lets seeNote
NG is nicely moving as per the pattern. Unless the inventories are very bearish for the prices, we could see a support coming in at 38.2 fibo retracement level... play safe around that levelNote
50% Fibo retracement completed and is still working it's way down to 61.8Note
61.8% Fibo retracement complete with no signs of reversal yet probably working towards 78.6% retracement level..Trade closed: target reached
78.6% retracement met...
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