NGAS
Natural Gas Short Play - Pressure Cracks the WedgeHead and shoulders possibility after breaking the wedge and strong horizontal resistance.
Suggestion for correction in NGASWe have broken the mid-uptrend line, and it seems like we will correct to the main one.
Probably we will find support at 2.875 and then we'll go up again.
Stay tuned.
Natural Gas Analysis April Week IIIWe have highlighted our Ideal Entry, Ideal Stop Loss, Ideal Targets (1-3) and Ideal Exit. We have highlighted a counter trend position for those brave souls out there. We would love to hear your feedback. Follow us on Trading View & Twitter twitter.com .
NATGASUSD short term downside alternative to main scenarioIf You catch the very start of this move,
with my reversal point optimistic chart 1 month ago,
it is not bad idea to move SL closer, and start to look both sides, here is downside alternative
of structure development
It start to become more realistic, cause movement iwasent so impulsive like I exmect
here is once again optimistic chart for comparison
NGAS: End of Correction Open Door for LongsPrice broke above the corrective structure it was moving, and it seems like it's developing a flag pattern, which is a sign that most likely it will continue climbing. Going long with tp and sl as shoen at the chart is a good option.
NGAS short Bullish chanel is break and now the pullback is completed, gas is rejected at resistance zone 3.09
NGASHello everyone, we have a bat pattern on Natural Gas. I have highlighted the targets on the chart.
For any questions leave a comment or DM me.
Good Luck
NGAS: Expecting some reboundI like the purple region for a long. Expecting price to retrace into original breakdown level (previous NGAS analysis shown below)
Daily:
Previous NGAS analysis:
DGAZ going to $8DGAZ formed bullish reversal doji today, and NGJ2017 formed bearish reversal doji. Fib extension points us to $8 on DGAZ
Natural Gas 2 Small Bullish Bats; Getting In On Large Bat This idea is in accordance with my larger term view of the very large Bullish Bat which completed last week @2.547 (idea linked below).
I missed that entry but patiently waited for a new pattern. Now I have found 2 bullish bat patterns to get me in to the (hopefully) longer term move. One advantage to this method is that the risk is much less than with the larger Bat...stop loss for me here is the red line @ 2.529.
I have entered at the first bat...will add a second contract if the price reaches the second Bat. Wish me luck!
NGAS H&S formationFollow up to first NGAS post....
We appear to be stalling at support (aug 16' and nov 16' lows).
High probability we head back up to test the fibs and 200/250 ema to form a right shoulder. Should test Feb 16' low
Natty Gas descending wedge formationPrice bounced off of the upper boundary within the wedge and appears to be forming a head and shoulder pattern on the daily/weekly.
We should pullback to the lower boundary and support at the 2012 and 2016 major lows before turning around and breaking out to the upside.
One to watch this year!
