NGAS Although this is an OIL trade, I will post it here where the strategy is more familiar, to show that it works elsewhere. The parameters are different and it's on the 15m, but success rate is still good. There is a contrarian signal on the 300 sma in this case to only capture sudden swings.
NATGAS Buy the dip... Cooling season is going to be bananas this summer. 5 year avg wont mean anything.NATURALGAS The bullish market structure has not been breached yet. We saw a nice correction from the uptrend but now we're at a support on the 4h, 1h and 15m charts with resistnace at 3.94-4.00, 4.15-4.28. For downtrend continuation we need either a retest and rejection from the most recent resistance OR a straigh out breakdown of current support 3.80-3.75.
NATURALGAS awaiting to reach first TPNATURALGAS if people are seeing a head and shoulders then they need their eyes tested and look into patterns more it hasn't broken the trendline yet its not bearishNATURALGAS Head and shoulders 4h tf. argue with a correct analyse if you think that its not.NATURALGAS third shoulder formingNATURALGAS 3.74 today..?NGAS Tempting to anticipate. But Robots are cold, disciplined, objective monsters.
NATURALGAS we are in corrective phase of elliot 3rd wave ... 3rd wave trgt 308-310...then retrace and then more fall for 5th wave .. NATURALGAS1!
