potential reversal in this support if double bottom formreversal is only possible if market break minor resistace level then we wiill have change in character in market ....
NGAS trade ideas
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Natural gas $1.54 - $1.56 - watch that levelNatural gas has been shorted by several hedge funds including Citadel and AQR. It still has approximately 7-10% down price action to go from here. It is NOT safe to long, because natural gas has associated geopolitical risk. Fundamental reasons > technical analysis for this commodity. Unfortunately, it means natural gas can also go BELOW $1.50 (highly possible) given the geopolitical tensions between EU, Russia and the US. Thus, one has to be patient before longing natural gas, as there is high liquidation risk.
NATURAL GAS LONGI want to try this long, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
Natural Gas: Will it ever bounce?Nat gas continues to bleed lower and lower.
Anyone that's over leveraged has been destroyed.
We are now coming into a measured move target on Nat GAs.
This is where we should see a decent technical bounce.
Ending diagonal for the 5th wave down? Nat gas still getting punished but Im thinking we can get a bounce here in a D wave of a possible ending diagonal . Lets see if we can get a hammer or morning star candle today or tomorrow. Ill probe the long side here if we can get a bullish candle
NATGAS - Retesting lost supportLong signal on NATGAS! Bubble collapsed however it will still retest last low of wave (1) which around 3.44~ 4.13.
On intraday there is also a head and shoulders pattern that got invalidated giving some additional significance for strength.
NATGAS_1W🔥Gas analysis in weekly and long-term time frames The market is based on Elliott waves in five descending waves, which is currently the 5th descending wave, and it can re-enter an ascending wave and correct upwards to the range of 5,500 to 6,500. Support range 1.500
Sharp corrective more probable?Dear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
The first analysis is Litecoin
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
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Finding resistance by Price and RSII am analysising a bull run from 1.8 - 1.9 level. As its a demand area of monthly candle and rsi 40 support. Both are comming together. So my point of view is heavy buying may occur. As from monday usa weather is also falling more. And such fall of commodities affect global economy, biden administration also send for inquiry about the Gas price.
Natgas Down ChannelThe price recently broke upward from a downtrending channel. However, considering the strong bearish momentum on a higher timeframe, my current bias leans towards a bearish outlook. To assess the strength of the channel breakout, I've applied Fibonacci retracement, with particular attention on the 0.618 retracement level. Any potential shift in my bias will be contingent on the price's behavior around this level. I rely on reading candlestick patterns within significant areas to gain clarity and make informed trading decisions.
Natural Gas / XNG Porjection Natural Gas prices traded near the July 2020 low and also the same low placed in March 2016. But the Point of interest is that the price rebounds from that level, so it's a good time to initiate long positions but partially till 1.50. Its long-term setup holds it .it could be the best trade of 2024 good luck.
Nat gas still probing the downside…Nat gas is still on a grinding break to possibly test 150. Let’s see if we can hit. A full Butterfly pattern hits at 150 .
NATURAL GAS LONGI want to try this long, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
Natural Gas bounce time or new lows?Nat gas has broken critical support.
Losing the $2 whole number is a big psychological breakdown.
Since Nat gas is in a clear down trend making new 52 week lows, you must be mindful about being overleveraged in this asset.
Natural Gas - looking for buyingDear traders,
Id like to share this idea in order to take long positions, basically the price is in 2$ quite sicological level, actually it seems that is looking for a support.
1,8- 2$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
Natural Gas, Elliott wave analysisOutlook for Natural Gas on 4h chart.
There have been no changes since the last update.
sub-wave 5 of wave C may already be completed.
If the assumption of this scenario is correct, Upper-degree wave (c) will be started. I think Sub-waves of wave (c) will form a five-wave Impulse.
Last time my idea.
■Feb 1, 2024. Short-term analysis.
■Jan 30, 2024. Short-term analysis.
NatGas UpdateNatGas has finally reached what appears to be a local bottom. As shown on the chart, single abc zigzags can form a triangle, but abc can also start an abc flat.
Considering the depth of the retracement, this unlikely to mark the end of the correction.
We'll be monitoring for more cues. If the price rises shaping abc zigzag, the triangle will become more likely. If the increase is in complicated wxy, we are most likely in wave B of (a)(b)(c) flat (green).
If the price continues to decline, we will pull the brakes and reassess.
NatGas Medium Term The chart's key message is that we are likely to be in a large block of corrective waves until about April.
It is possible that this will be wave (B) or even (2), followed by sharp impulse wave (C) or (3).
However, it is equally feasible that we will continue to see-saw movements, forming a contracting diagonal (C) in the black scenario.
An alternative bearish count with decline to lower lows is possible yet less likely. I will introduce it in the next update.
#XNG #NaturalGas waiting to retrace. Price got Bullish Divergence with both RSI and MACD, TP first target is #Ichimoku Tenkan Line (Red) at 2.1X, 2nd target at Kijun Line (Blue) at 2.5X, 3rd target at POC volume profile at 2.6x (Red dash).
Long NatGas from Bottom .016 fib and lux algo agreeSummer AC consumption and exports will drive price up as global warming hits harder and harder and LNG goes online globally
Natural Gas, Elliott wave analysisOutlook for Natural Gas on 12h chart.
There have been no changes since the last update.
I think we are on sub-wave 5 of wave C.
If the assumption of this scenario is correct, Sub-wave 5 will be completed soon, and Upper-degree wave (c) will be started.
Last time my idea.
■Jan 30, 2024. Short-term analysis.
