NG1! Buyers In Panic! SELL!
My dear subscribers ,
This is my opinion on the NG1! next move:
The instrument tests an important psychological level 2.674
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 2.568
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Ng1
NG1! BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the NG1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.437 level.
✅LIKE AND COMMENT MY IDEAS✅
#NatGas UpdateIf I elaborate on my earlier scenario with unfinished correction, Natgas might perform a spectacular drop over the next few days before resuming the uptrend.
Before this, I expected a triangle, then a flat with an ending diagonal and now a classic expanded flat in wave b. Since wave a was a contracting diagonal, there is an 80% chance that wave c is a quick impulse down and a 20% chance of expanding diagonal.
NatGas Update Natural gas appears to be nearing the end of its correction before continuing its ascent into the end of the summer/earluy autumn.
Since wave 3 is shorter than wave 1, wave 5 must be shorter than wave 3 because the third wave cannot be the shortest.
Wave 4 can be done as an expanded flat (notice the rule with variation with wave 2). Also, we can expect a running triangle.
The bigger picture remains unchanged from the prior update.
NG1! BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are going long on the NG1! with the target of 2.631 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
NatGas: Come on! 👏NatGas needs to show a bit more motivation to complete wave 3 in green, as we expect the corresponding top near the upper end of the white zone between $1.88 and $3.43. After the price has also dealt with the short counter movement of wave 4 in green, it should finish the green five part upwards movement, rising from the white zone toward the top of wave iv in pink. As soon as this is placed, we reckon with a significant downwards movement, which should lead to the low of wave 2 in green before the ascent can start anew. However, there is a 40% chance that NatGas could leave the white zone on the lower side prematurely, thus developing wave alt.2 in green earlier already.
NatGas UpdatePreviously I mentioned that I had to pause trading in Natural Gas as the price action was uncertain from the Elliott Wave perspective without clear impulse waves up. Since then, the price has been moving within the boundaries of outlined complex scenarios of either - expanding or contracting leading diagonals. The price penetrated wave [ w] territory confirming my thinking. Once wave c of (y) of [ x] completes, I might risk opening new longs.
Natural Gas - KeyLevels for next WeekIf you wanna take a trade on NATURAL GAS, maybe before that, you need to conisder this KeyLevels of support and resistance areas.
Careful with shorts until on daily is bullish / upptrend + August and september is coming , when de big companies refreshes their stocks for the winter