HH1! trade ideas
Two cycles completed, The market is starting to trendHello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
NATURAL GAS Stock Chart Fibonacci Analysis 120523Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.89/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NATGAS LONG TERM Buying TRADE analysisHello 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 Turned bearish but short below the 1D MA200.Natural Gas (NG) opened today below the bottom (Higher Lows trend-line) of the long-term Bullish Megaphone pattern and that is of course the strongest indication that the market has turned bearish long-term. The first sign was breaking and closing below the 1D MA100 (green trend-line), which hasn't been done since June 14.
The safest course of action would be to sell after the 1D MA200 (orange trend-line) breaks and target first the bottom of the Support Zone at 2.425 and after a bounce, 2.135 (Support 2) in extension.
Until the 1D MA200 breaks though, we can see a dead-cat-bounce if the price breaks the Lower Highs trend-line and closes above the 1D MA100 again. If that happens before, as well as the 1D MACD forms a Bullish Cross, we will buy first the target Resistance at 3.275.
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NATGAS Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The instrument tests an important psychological level 2.777
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.866
Recommended Stop Loss - 2.727
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NG1! Is Very Bullish! Long!
Please, check our technical outlook for NG1!.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2.777.
The above observations make me that the market will inevitably achieve 2.962 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
A long-term idea on Nat-Gas (NGZ24!!!) On 13th of November we saw a market-structure shift (checkpoint 2) after a stop-hunt that took place on 30th of October. Now we are in a weekly FVG that could be possibly pushing price to the buyside liquidity and the daily FVG that is laid above (checkpoint 3). If we don't see a retrace to that level , price may dumb lower, filling all the FVG and change the FVG from a normal one to an IFVG, that can push price lower, to the weekly FVG (checkpoint 5) or maybe the sell-side liquidity that is resting bellow (checkpoint 6). It's clear we are still bearish and that won't change until we see at least a run above 4.660 level.
Disclaimer: This is the December contract of 2024 (NGZ2024)
DBW in TTF FM hourly. New up or Gap CloseThe TTF FM is trapped in a sideway movement. After a cone and SKS formation which was resolved bearish with the slump to 43,2 we now see a completed but still not active DBW. The ideal upper target (box) is 51, the statistical target is the equal to the important top at 49.5
The bearish breakout would be at 43,2 and would imply the gap close at 37.
Typically DBW are most of the time bullish reversal/continuation figures, thus a bullish break out is the more likely case.
Managing Positions with Parallel ChannelVideo tutorial:
• How to identify downtrend and uptrend line
• How to draw parallel channel correctly
• Confirming a change in trend (using trendline itself)
• Managing positions with parallel lines
- Profits
- Risks
- Knowing its volatility
Micro Natural Gas Futures & Its Minimum Fluctuation
0.001 per MMBtu = $1.00
Code: MNG
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com