"Trade what you see not what you think" Bullish Sentiment Validated confluences
1.Weekly Trend line broken (Downtrend in play)
2.Resistance breached by strong support
3.Bollinger band pierced by price
4..Profit margin 1:3
Natgaslong
NatGas trade ideaLooking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Natural Gas continues Daily trend upLooking for the price to break the flag to the upside (on H4 TF) and head towards 4.00
Longer term target is at the top of the Weekly channel at about 5.000. We should get there, but with a bigger correction expected when we get to 4.00 price level.
NG - NatGas holding above centerlineCenterline catches pretty good price-action (frequency) of this market.
The prior Hagopian way down below at the L-MLH tell us, that the market will go back more then from where it came. So, this would imply that we will see NG soon way above the centerline.
P!
