NGSUSD trade ideas
Potential Downtrend NATGAS
The natural gas market is currently experiencing a significant downtrend. As per technical indicators including Fibonacci retracements, Ichimoku cloud analysis, volume trends, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), the price of natural gas has declined notably.
Current levels indicate a potential sell opportunity with a suggested stop-loss (SL) set at 2.955 and a take-profit (TP) target at 2.730.
🤷♂️ NatGas UpdateWell, I think we are in a downtrend since the last update. Here is the base case. Other options are possible yet I have to zoom out and outline them on a higher timeframe.
NATTY 15% Correction on the way?Natural Gas has recorded a negative bearish divergence on the 4hr which I believe is the sign of a correction to retest the green base below.
It had fired on all of it's cylinders yesterday which I believe was a dead cat bounce removing as many short sellers as possible.
Shorting this time of year usually means commission from your broker - mine is offering 3% of my total investment.
Naturalgas retests breakout level!The likelihood is now increasing for a strong rebound up. In the first stage up to this month's previous peak, which means about 10%. Best case scenario in the slightly longer term means an increase of as much as 75%!
Natural Gas - Time to go Long as Pullback Looks CompleteNatural gas seems to have completed pull back. Price as broken past the descending trendline and now has climbed above recent support turned resistance layer. Awesome oscillator has too crossed over to bullish zone and we also see hidden divergence of Awesome Oscillator.
Natrual GasSeasonal Opportunity is arising, price action suggest we will start a bullish run. Setting SL below recent relevant lows with TP targeting some soft price points that should easily be reached. This will be a long trade ladies and Jellyspoons.
Natural Gas Rallying Again
Technicals :
Taking a second position in Natural Gas long
Reasons :
uHd
pb to support and retook the kijun
Daily cloud bulling
Wicked Daddy Deeper pullback squeeze
Price hit daily lower ADR and AWR and rallied
Weekly 5EMAs signal and 15/50 signal:
1hour lower time frame crown fakeout:
🤷♂️ SP500 UpdateOk, as it often happens given the extrem sell-off on the news I am falling back on one of my older scenarios where wave 2 has a more pronounced wave retracing at least 0.618 of wave 1. Other options are also possible (one indicated as a bigger contracting diagonal).
It might be a chance to short but a SL has to be managed carefully.
NATGAS SHORT CALL NATGAS is making lower high and lower low
Dow = Lower high and low in making
Bearish Candlesticks = 2 bearish candle
Support Level Broken
NEW IDEA FOR NATURAL GASNatural gas can increase to the 88.6% Fibo resistance at $3.23 by crossing the 50% Fibo resistance at $3.04.
NATGAS will it continue down?Natgas is holding below the support (range), if it is able to get back, it will be able to make a retracement to 0.5 fib. Otherwise, if it is still rejected and the price closes under. Natgas will continue on 3d.
NATURUAL GAS Buy/LongAnalysis for NATURAL GAS on the daily direction has shown an upswing for a bullish trend that has respected the support levels. Since September 7th, 2023, we have seen a nice back and forth movement pattern that continues to respect the channels support range and resistance making this a prime target for us to be able to profit off on. Please enter with proper caution and capital risk management. Below is the signals inputs for the trading session. I hope you all enjoy.
NATRUAL GAS
Buy/Long
Entry: 3.2361
Stop Loss: 3.0203
Target:
TP: 3.9035
DAY TRADE/SWING TRADE
Risk: 2-5% of Capital
NATURAL GAS - Time for Retracement from Double TopNatural gas seems to be in the process of forming double top on daily TF. The volatility is high and we can clearly spot bearish divergence on RSI graph. This suggests we may see retracement up to key support zone.
🤷♂️ NatGas Update Longer Term The bullish long-term trend can choose different paths. Of course many of us on the bull side would like it to go straight up. Unfortunately I already see indications of possible diagonal in the making which would be more difficult to trade.
One of those indications is an anemic wave 2 which can turn out to be wave as indicated in black.
As we travel along the chart I will be looking for cues which scenario we are in. Stay tuned.
🟢 NatGas UpdateNatural Gas is approaching a crunch moment. Because the price has taken the previous low labelled as wave a, the scenario with a even more expanded ABC flat is off the table. A more complex WXY is still possible where current ABC is wave W but less likely than a simple flat.
Also a scenario with a longer wave C remains but I would assign it a lower probability.
Natural Gas - Daily - Update Natural Gas - Daily - Update
These are my keylevels for Natural Gas on daily time frame
NATURALGAS - Beginning Of The Break To Lower Lows?A shooting star is printing a shakeout through the 200 day MA.
The trend has been drifting for some time and so it could continue to drift, but its hit the liquidity landmark and printing a reversal candle.
If the day closes here then there could be more downside and potentially the trend change.
Also notice that it is potentially printing the Head & Shoulders pattern if further breakdown continues.
The shooting star has wicked through the left shoulder resistance also tapping the liquidity in that area.
We find very often that at major reversals that there are double or even triple significant liquidity pockets tapped and so this double tap here can be a clue that a major trend change is imminent.
As I have said I think this correction has gone on too long for this to be part of an accumulation. Much more likely there will be another wave down, hence why I am taking short positions and have added to my position here.
Its not impossible that this could yet whip up because that is what this chart does but it will likely be a fast elevator ride down if when it breaks.
Not advice
🚨 Alert! For NATGAS100 traders I LongMy analysis: short
🎯 1. Take-Profit Target: $3.143
🎯 2. Take-Profit Target: $3.276
📈 I've observed a strong level of market support with robust price rejections and extended wicks around $2.845, forming a Solid Support Line (SSL) on the 4H timeframe. 📊📈
Furthermore, there's a conspicuous fair value gap on the weekly timeframe, though I have reservations about the price's ability to generate the necessary momentum to bridge it. If we manage to breach the barriers presented by the daily and 4H timeframes to the upside, that's when I would designate this as our new bullish target. Subsequently, we might anticipate a period of consolidation, contingent upon the prevailing market conditions at that juncture. 📆📉🚀
www.tradingview.com
My strategy hinges on waiting for price action to breach the RSI trend line and undergo consolidation on both the 1H and 30M timeframes before considering a long position entry. If the price fails to exhibit strength in this vicinity, I shall refrain from executing my trade. My steadfast commitment remains to my established setup and risk management parameters. 💪📊📈💰
Feel free to review my other trading positions.
🖕 NatGas Update Until there is some form of bounce and waves 1-2 of the new trend are shaped it is risky to call the bottom.
One option could be that the ugly diagonal was extended wave 1. A recent consolidation looks like a neat barrier triangle that usually happens in waves b, x or 4. It it is 4 that means wave 5 should be shorter than wave 3. If it is b we are charting something bigger and yet unclear.
NATURAL GAS : DEEP CRABNATURAL GAS: DEEP CRAB
to Watch: EMA.50 and EMA.200
+ Fibonacci levels
+ ICHIMOKU levels
Time to buy gas?Here is a quick plan for Natural Gas. I will look more into this later.
I believe it's almost there but don't forget that you are looking at a monthly chart.
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