Natural Gas Run To Continue?
https://www.tradingview.com/x/NLCPREbS/
Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress.
A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week.
Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress.
A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week.
Note
We have a six count with the current bar.Note
Failed pattern. Exiting trade.Note
Stop loss trigered on July 1 at 2.478 close.
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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.