NGAS
NGAS : Short Setup towards $2.50 and belowEnergy is very difficult to trade under present OPEC situation.
Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%.
Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure.
Take your entry wisely with perfect money management.
energy trades and OPEC can burn your accounts.
Trade your own plan
Happy Trading
NG ShortHello,
Disclaimer-I'm new to all this.
This Up bar on daily had no volume compared to a previous Up bar we saw on 20 March 2017-(drawn for comparison). or 4 April 2017
I don't like to recommend anything but it's a requirement to post so ,
Stop loss -3.200 (if this seems too close, well it's a good placement so it'll make it clear pretty soon)
Potential loss of 360$ for gain of $1780 give or take commissions
Profit target is 2.986
That's it. I keep it simple.
Please trade accordingly.
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:
