Last few days NG has been consolidating and correcting for a days, forming a bear flag pattern. Since it bounced off the bear flag resistance the main buy posiprice i am looking for is $3.91 where the price may retest liquidity and 200 MA (which is a major supp). Bullish engulfing candle is what I will be on the look for around 3.91. But I have my speculation, therefore my personal entry is set @$3.94
Alternatively if price breaks 4.33 then the pull back is the next likely position for a buy order. which will be above 4.33
Price 3.76 is a strong supp and also liquidity zone with tested FVG. This can be our stop loss but given the volatility of this future 3.68 would be the best SL.
I am expecting the price to test the bullish OB around 4.7 which is also out TP. For further extended move we will keep track of the price and see if it touches $5-5.2 range.
Lets hope that the Geopolitical influences are kept to a minimum by US/Russia/Ukr.
Alternatively if price breaks 4.33 then the pull back is the next likely position for a buy order. which will be above 4.33
Price 3.76 is a strong supp and also liquidity zone with tested FVG. This can be our stop loss but given the volatility of this future 3.68 would be the best SL.
I am expecting the price to test the bullish OB around 4.7 which is also out TP. For further extended move we will keep track of the price and see if it touches $5-5.2 range.
Lets hope that the Geopolitical influences are kept to a minimum by US/Russia/Ukr.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.