Blackstone retracement
Idea:
Blackstone is has been off the recent daily high since July. The short trend on the 1 hour chart is due for a retrace. News might be enough to give the short trend a break as Blackstone has acquired Harvest Fund Advisors LLC as a way to gain exposure to increasing NatGas prices as Harvest invests in U.S pipelines and export terminals. The news of the deal didn't move the price up when it was announced. Lets see if it will move on technicals. Short term profit fibs are marked on the chart.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Blackstone is has been off the recent daily high since July. The short trend on the 1 hour chart is due for a retrace. News might be enough to give the short trend a break as Blackstone has acquired Harvest Fund Advisors LLC as a way to gain exposure to increasing NatGas prices as Harvest invests in U.S pipelines and export terminals. The news of the deal didn't move the price up when it was announced. Lets see if it will move on technicals. Short term profit fibs are marked on the chart.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Disclaimer
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