Wednesday: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Ng1!f
Tuesday: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Scenarios: Natural Gas - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
NG1 - Natural Gas.NG1 - Natural Gas
We've been in range while, patience is key with this one
Technical aspects - Brewing up nicely!
Support: 2.400, 2.275, 2.040
Resistance: 2.945, 3.070, 3.375
Pattern: Wedge / Double Bottom
A break to either direction and a pull back to the trendlines either direction of break trade to be taken. (once confirmed)
Trade Journal
(Just a trade Idea, not a recommendation)
Elliott Wave Analysis: Natural Gas Looks Clearly BearishHello traders and investors!
Today we will talk about Natural gas, its price action from technical point of view and wave structure from Elliott Wave perspective.
We have been bearish on Natgas all the time and seems like the downtrend is not finished yet.
After a big, higher degree a-b-c corrective movement at the end of 2020, ideally for wave B, Natgas turned down in an impulsive fashion, probably as part of the first leg (i) of a new five-wave cycle within wave C that can push the price back to 2020 lows.
Well, after we noticed a nice bearish setup formation with waves (i) and (ii), seems like Natural gas is on the way down within wave "iii" and after recent break below strong daily channel support line, it's actually confirming the bearish trend.
Currently we can see another three-wave intraday corrective pullback, ideally in subwave (ii), where support line of a corrective channel may now act as a strong resistance.
All that being said, be aware of a bearish continuation in 2021, ideally and probably as part of a new five-wave cycle within wave C of a higher degree wave (V) that can send it back to 2020 lows to complete a bigger weekly ending diagonal pattern.
All the best and have a great weekend!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NATURAL GAS SHORT SETUPWith over supply, demand going down i believe a rising wedge is being built into formation. You could see that it already broke the upper trend line which would be a signal for a downfall quite soon. Also, even though trend is up, you could see bulls were not really in control with huge resistance and brute force for every push up.
It’s only a matter of time before we go back to 2.5 then maybe a retrace up of the 200 Daily EMA before we see 2.0-2.25 levels again this summer.
Safe trading, this is my own view and not any financial advise.
NGAS - Week 14 - Analysis and ThoughtsThe analysis to the down-side is working out, and price-action is confirming more down to retest lows. From a pattern perspective, breaking the lows will result in a 'regular flat' structure.
The worrying trend that I see is that volume is decreasing while the price is going lower and lower, this is not an indication of selling strength, and therefore, I will be monitoring the price closely when we retest the lows.
NATURAL GAS Buy SignalPattern: Triangle on 1D.
Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone.
Target: 3.140 (the 1.618 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
--------------------------------------------------------------------------------------------------------
NAS Cup & Handle13080 has been POC and support zone building for bulls toward the end of last week; and now again early this AM. The cup formation broke high and has stayed very even. 12950 is another local POC that I expect to be the bottom for a handle formation to remain intact this AM. I'm feeling hopeful for rocket at open to around 13350-13450 and support will start be built near there Mon. and Tues.
I'm not a professional, do your own DD. I'm holding 1.4k shares TQQQ around $92 avg . Not the greatest entry, but I'm in the green here and expecting more. I'll be watching closely in pre-market today to trim my position if it looks weak. Downside scenario, I wouldn't worry unless we break the 100D EMA around 12650.
NG1! : NATURAL GAS ... YOUR FATHER'S STOCK can make money 2Plenty of CALL options on SALE. or just BUY and HOLD for a few weeks.
DON'T blow your load ALL-AT-ONCE !,... GO in 30%/30%/30%, and AVERAGE you entries.
Confirm PRICE movement at each Step, and MONITOR price character carefully, and expect changes.
GAS is a choppy RIDE, not for the faint at heart.
Short-term Spring ShortNatural Gas got a nice boost from colder weather. Looks about ready to crumble in the next month or so.
I am short April(J) @ 2.81
Worst case on this is if weather defies it's tendency to flip bearish and the longer time frame trend line is targeted. But, it will take a lot to push past the highs at $3.00 (April). In which case adding another short there could work.
Bearish inverted hammer on yesterday's move signals selling is strong and this is the top of a channel.
Red box shows that upside risk and below there are a couple gaps that look promising.
Trading is risky, don't do it.
I am still long August(Q), EQT, RRC and would add on significant dips on any of those.
NATGAS will break the range? 🦐NATGAS after breaking above the weekly resistance is moving between 2 structures.
According to Plancton's strategy, if the price will break above, we can set a nice long order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NGAS - Update 4HHighest probable move for the day as I currently see it. For now, the volume is low, and MACD trending slightly down which indicates that there's no momentum yet for that up-move. But this also indicates that market participants are building up their positions. London Open is just around the corner, which might be the catalyst for an up-move.