NG updatethis analysis is based on elliot wave and ichimikou and chart pattern and harmonic pattern as depicted as a long term view and will be updated based upon in upcoming weeks .
please share your comments and like if you find it interesting and logical
tnx
NG trade ideas
Natural Gas anticipating Wave 4Hello,
I think NATGAS completed wave(3) when it reached $2.41, if that support line hold, I expect a correction until $4.50 or even $5.00, however its too early to decide from which price wave 5 will start.
I believe the chart explain every thing. let me know if you have any comment.
good luck.
Nidal Khalid
Go for buySeller are almost finish in market. Because there is no volume who can ride market to selling so. I personally request to buy some quantity so that you will not miss the bull run.
NaturalGas sell. May reachvthe target upto 2.8Breakdown happened in 4 hour chart. Expected to reach 2.8
Harmonic Shark ! Yes PleaseSupport possibly found, what news lurks behind a move such as this? Just a idea
Daily Analysis: Powell Moving MarketsDiscussing,
Stocks, Powell, Gold, Bitcoin, SPY, Yields, DXY, QQQ
There may be an arbitrage opportunity in the stocks market.
Stocks & bonds diverging yet again.
Natural gas prices may be due for a correction at current levelsNatural gas prices have recently touched oversold territory on the weekly chart as indicated by the Relative Strength Index (RSI), and the downtrend appears to have reached the lower parallel of the downward channel that began in August. Further confirmation is needed before a reversal to target the 3.5 level can be expected.
NatGas... Fill 'er up Buddy !!Hopefully the light at the end of this tunnel isn't a train, as most home owners buyers
and users of Natural Gas have felt like they have been hit by one.
NatGas peaked before heating season, leaving many home owners holding the bag for ill-timed gas company purchases.
This is the wildest west of commodity trading....
Certainly a confluence of 2 harmonic patterns . Hopefully the chart speaks for itself.
I would rather miss the bottom and advise no action until there is clear evidence of a momentum change to the upside.
As always this not investment advice ... DYODD !
I will monitor...
S.
NATGAS | SHORTYo.
Entry Range: 2.548 - 2.576
Avg. Entry: 2.568 (RRR: 2)
1st. Profit Target: 2.496
Stop Loss: 2.605
Step one: Put your entries within the white zone on the chart. Put your TP where the green line is and the SL where the red line is.
Step two: wait.
Step three: ???
Step four: Profit.
Natural Gas 3 Drives Pattern BuyPotential 3 Drives pattern forming on Natural Gas around the 2.26-2.31 level
Natural Gas is Begging for a Relief RallyThe persistent decline in Natural Gas prices may find some buyers, with nearby support levels acting as a possible catalyst for a relief rally.
Given the oversold conditions, the next support level may present an opportunity for a relief rally. However, it’s important to note that this does not guarantee a full reversal in the trend.
If the relief rally materializes, it’s possible that we may see one final leg down, as traders take profits and stop losses are triggered. Only if the price action shows RSI divergenceon the Daily, I would watch for a reversal pattern to the upside.
NATGAS - 4HGas is in a downward trend in the time frame of Wednesday. If the downward trend line is rejected again, we have the possibility of a further decrease for gas.
long natgazzbig confluance area
.886 correction on 1W
rsi oversold territory
yellow ABC correction close to end at 1-1
it1s time
Natural Gas looks interestingTake a look at this Nat Gas chart. It looks poised for a rotation of capital to come out of the SPY and buy it at these depressed levels.
Natural Gas: The Widow MakerNatural Gas is on pace for it greatest & fastest fall in price history.
Nat Gas is hitting technical support in one of the most oversold conditions ever.
We discuss some Nat Gas cycle history that may be useful in knowing how to trade Nat Gas.
Natural Gas Outlook Short And Mid TermVery weird things are happening in the natural gas space. It might be getting ready for the biggest short squeeze.
NG key levels for the next weekI am anticipating to see a retracement into weekly range which mentioned with Fib levels from last week high and last week low during first 2-3 days of the week and then sell off to last week low, if it breaks last week low anticipating the price will aim to reach monthly key level, if it doesn't break most likely will consolidate between last week low and new week high.
Road Map For Natural Gas?I did the best I could with the count. Please share your take on natural gas if you could. Thanks for the view.
Natural Gas - Long viewElliot wave analysis of natural gas with long term support around 2.30. Long position can be taken around this level.
NATURAL GAS-Pt.2- Short term bounce?In our previous post we explained how we believe that NaturalGas is ongoing an ABC correction from 9.995's top. Actually we believe to be finishing wave iii of C of this zig zag, as showed in the chart.
As explained in the previous post, we were waiting for the small red zone in chart between 2.4 and 2.5, where the algo tp of the whole move down and the level for which wave iii of C = 1.618 wave i of C, together with the target of the big head and shoulder pattern stand.
Since today we wicked that zone, we opened a long position at @2.471, and we are currently holding it with stop loss on entry.
Since the retail sentiment is still very extreme towards the long side and since this wave iii can still extend down, we are carefully posing our stop loss on entry. Target is 4.32. We will update below. Happy trading!
