XNGUSD- Bollinger / TTM Squeeze for Breakout LONG
Updated
This 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the value of detecting a
Bollinger band width and volatility contraction before the release. Price action is showing
a high tight flag pattern which could forecast a similar leg higher after sufficient consolidation
to ti reach the consensus equilibrium of buyers and short sellers as to what the price should be.
I will be one of those buyers adding again to my position which I expect to swing trade
at least the rest of this week. For those already with good-sized positions, some may elect
to sell some to take a partial profit. I am considering being more watchful of such a situation
also realizing that a short squeeze could get underway since XNGUSD as been falling for
sometime. Long-time shorts might decide this is the exit point to avoid further loss of
unrealized profits. If they do so they play into the hand of new buyers and those holding.
Buckle up, this could get interesting.
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the value of detecting a
Bollinger band width and volatility contraction before the release. Price action is showing
a high tight flag pattern which could forecast a similar leg higher after sufficient consolidation
to ti reach the consensus equilibrium of buyers and short sellers as to what the price should be.
I will be one of those buyers adding again to my position which I expect to swing trade
at least the rest of this week. For those already with good-sized positions, some may elect
to sell some to take a partial profit. I am considering being more watchful of such a situation
also realizing that a short squeeze could get underway since XNGUSD as been falling for
sometime. Long-time shorts might decide this is the exit point to avoid further loss of
unrealized profits. If they do so they play into the hand of new buyers and those holding.
Buckle up, this could get interesting.
Note
IS Boil setting up for a squeeze with increasing volume for two months on short positions ?Note
UNG short volume October to presentTrade active
London session underway - on the 1minute super zoomed view- the price has fallenbelow a symmetrical triangle and is testing the resistance above. This may be
an optimal short entry.
Note
NG popped from the high tight flag pattern and printed another 4+% - on forex with leverage much larger ROI intraday. Note
Bull Run re-energized Trade active
Price is retracing a bit on the London session. Will take a partial to lock in some profits. AI indicator predicts continuation of down trend for now.Trade active
Possible dynamic support at 1.83 likely sideways in consolidationTrade closed: target reached
XNGUSD flipped so closed in substantial profit considering 100 leverage nowshort
Trade active
UNG / BOIL on equities market are in an ascending channel adding when price fallsonto lower support trendline
Trade active
XNG now reaching for more bullish momentum to pierce the resistance overhead.Price has moved up 46% in the intervening month perhaps helped by traders with short positions getting squeezed. I have banked their losses and look forward to more of the same in the days ahead.
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