Purple = Weekly Red = Daily Orange = 4H Yellow = 1H Green = 15M
Purple = Weekly Red = Daily Orange = 4H Yellow = 1H Green = 15M
Purple = weekly Orange = 4H Yellow = 1H Green = 15M
Hourly technical analysis Buy breaking out from the channel Sell inside the channel
Downtrend Channel on weekly - Bearish
Rising wedge ( most probably bearish ) - Breakout
Alredy retest and breakout now heading towards up of the channel
On Daily there is market indecision showing on Candles MACD on hourly shows sell signals RSI shows sell signal on H D W 12000 is a strong support
Playing with the tend in the channel and break out the analysis
Natgas buy position following the channel.
Reasons: Crossed MA50 in 15M, already tested upper trend line, strong sell candle on 15min