Recap of my trade on NATURALGAS Good afternoon and good evening dear traders!
Congrats for those who could ride the down trend on the NATURALGAS for today. I posted in the morning an analysis where I said to sell NATURALGAS, as you can see it went down for 4% and that was a good profit for the beginning of the week, my customers and I could touch 5000$.
We closed after we got a squeeze of sellers and gathered our profit.
For more questions don't hesitate to ask and I'll be answering with pleasure!
XNGUSD trade ideas
Natural Gas - Bigger correction in this area?Hello traders,
Today we will do an analysis for NATGAS. This commodity is in a big downtrend on the daily and weekly timeframe that started in August 2022. For now the higher probability move is a bigger correction in this area. On the 4h timeframe we expect the price to move to the upside and break the previous local high that it made on the 3rd of March. Once it reaches the area of the magenta rectangle marked on the chart we must see if we will have a continuation to the downside or it will continue making a bigger correction (upside).
Another possible scenario is a move to the downside that coincides with the 70,5% Fibonacci retracement and then a move to the upside to break the local high.
Please don't jump in, wait for your setups, no matter what, and don't risk more than 1% of your capital.
SELL NATURALGAS Good morning traders!
This morning I'm sharing with you the trade my clients and I got in on NATURALGAS, I used to share the CL1! but since it's already on the move I'll keep waiting for a new trend to begin.
Well, as you can see the price was consolidating before breaking the channel, once it did with a high volume, it decided to come pull back on it, if you're already in you can add another position.
Natural gas is almost done consolidating On the 4th hour chart , natural gas looks to be forming a minor bullish divergence on the MACD. It has also formed a falling wedge , which has a higher probability of breaking to the upside. The current sell off was obvious when natural gas rallied to the upper trend line and couldn't break it. A move to the lower trendline is almost finished , a grind lower to tag it is very possible , and a move to 2.22 is not to be ruled out. The zone that natural gas has entered will , in my opinion, yield a reaction very soon.
Natural Gas Elliot wave theoryNatural Gas started to drop from 10 dolar and completed 5 wave of elliot wave downtrend around 2 dolar. From 2 dolar to 3 dolar movement A part of ABC correction. We are currently on the B wave which should end somewhere beetween 38.2 -78.6 of the Wave A. According to Pepperstone chart, Price should not drop below 2.22-2.25 area. Next Target will be minimum 3.20s
Good luck everyone
Natural Gas Demand When a 6 months demand zone is identified at a particular price level, it suggests that the price of the asset (Natural Gas in this case) has previously bounced back from that level after a prolonged period of demand for the asset. This means that during that period, there were more buyers than sellers, resulting in an increase in demand for the asset and causing the price to rise.
If the price were to reach that level again, where the current price is at this time (Demand Zone), there is a high probability that it may turn back up from that level as buyers would be expected to come into the market again, causing an increase in demand for the asset. As a result, some traders may use this information to enter a long position in the asset when the price reaches this level with the expectation that the price may rise again from this point.
However, it is important to note that while demand zones can provide useful information to traders, they are not foolproof indicators and can be subject to market fluctuations and changes in supply and demand dynamics. Therefore, traders should always exercise proper risk management techniques and use other technical and fundamental analysis tools to confirm their trading decisions.
#trillions💱
head and shoulder pattern in 4h chartas you see NG can not push up to fill the gap so next level down will be 2.35 but for longer term it will defenitly go up maybe in two three weeks who knows!
Very bullish on $NATGASI feel quite bullish on this Natural Gas. As well as support lines I made with a trade earlier today, I also see a triangle squeeze resulting in an even bigger short. I've decided to open another trade so I guess I'll find out soon.
Long Natural GasI have decided to go long for a second time, previous trade was stopped at break even. Yesterdays close saw a breakout of a bullish wedge. I have a small position at 2.6 SL at 2.5. Lets see!
NATURALGAS LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
Natural Gas possible BuyHi! Just my idea. Looking for buys again now.
Last buy idea went exactly as planned. Hope this one will too!
Trade with care!
Pull back before continuationAs you can see there are a few ways this thing can unravel.
We have an inverse head and shoulders, a possible diamond bottom formation, a daily demand zone and a .618 fib level. I don't know which way the price will take, but I started to add to my longs at this level.
NG shows weaknessCurrently, Natural Gas is at the 38% Fibonacci Retracement level, and it is bouncing between 2.68 and 2.38. If it is able to breakthrough 2.68 resistance, there is a chance for a bull run upwards. If it breaks below 2.38 resistance, it is likely to test new lows. Potential for a double bottom formation is also likely in that scenario. April will likely bring higher lows and higher highs based on seasonal patterns.
ABCD Pattern on NATGASNATGAS is ending a Bullish ABCD Harmonic pattern with a divergence on the RSI . It should be longed to the levels highlighted on the right.
XNGUSD....4H= Technical analysis of natural gas against the US dollar on the 4-hour chart
= The analysis is based on price channels and trend analysis
= When it exceeds the level of 2.811, its first target becomes = 3.693
= If it exceeds the level of 3.693, its target becomes = 4.812
Natural gas to retest resistance in the coming daysIf Natural gas breaks the 2.9 resistance, we might see a run towards the 3,4/3,5 area.
NG found its bottom, looking left looks promising.As some of you recall, i had been looking on this to longed, somehow BingX removed it and put it back in for trading . so when that happened i stopped loooking into this until they put it back in.
anyhow, this one is good for a long run and i would say it could only give you good entries...
my idea is an ABC (grabed some on the end of B), but if i look left (darvas box) it did some similar pattern (choppy) before the rally, thats why it could still come down a bit for an EW ~ non financial advice - dyor.
Natural Gas 4hr timeframeLong natural gas, beautiful double bottom pattern at a major level of support. Gap to be filled (red arrow) Up from here!
Pullback to 2.582 before another bull runNG likely to pullback to this support area highlighted at 2.582 before pushing off to another bull run. This area was previously the area of consolidation as well. This pullback seems to be short term corrective.
NATGAS Long- Used SFP & Breaker Order Block, with confluence SFP at the Monday low on 12H, 4H, and 1H
- MSB to the upside on the 30m buying retest of Breaker Order Block
- TP1 will be Monday's high, will reassess there but there's a possibility of filling the gap at ~2.93 and could hit 1D FVG at ~3.05
#Natural Gas: Breakout And RetestPrice broke out of the resistance zone
As you can see, the price is testing the resistance turned support
I believe a bullish continuation would happen
