DOUBLE BOTTOM IN NATURALGAS
Natural Gas (NATGASUSD) 1 DAY Chart Analysis
Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance.
Break of a falling trend line, signaling potential trend reversal.
Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a bullish continuation.
Target Level: Watching for price movement towards the 2.10 level.
Breakout Confirmation: A strong move above 187.8 will confirm the bullish breakout.
Risk Management: make sure to put stoploss
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance.
Break of a falling trend line, signaling potential trend reversal.
Expanding Demand Zone: The broken structures suggest a new demand zone, increasing the likelihood of a bullish continuation.
Target Level: Watching for price movement towards the 2.10 level.
Breakout Confirmation: A strong move above 187.8 will confirm the bullish breakout.
Risk Management: make sure to put stoploss
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST ❤️
Comment
Naturalgas now sustaining above 190 level which is support zone.
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