chk could re-test higher trendline if able to breakout

stalking w/ a 1/4 entry position. I'm looking for a retest of the weekly trendline w/ a stop at $5.53.. There is a possible bullish abc pattern. details on chart

Note

will be interesting to see if this can turn into a 1hr cup/handle pattern. If it breaks .382% fib line obviously not going to happen

Note

Will know by tomorrow rather late tonight if this wave count holds up

Note

ngas has been making a series of bull flag since the month of march

Note

AD (AB=CD) based on 15min chart AD could show a pop tomorrow to at least the 3.25 level in ngas on watch, Oil was beaten down close to C wave as well

Note

I was short oil and made note of this C-wave potential we are right at the trendline now. I'm anticipating oil to bounce over the next couple of days as long as trendline holds

Note

oil is still within trendlines, can it dip more sure can. But I remain bullish until I see trendline is actually broken

Note

The AD gave some insights to a possible bullish D-leg so after the retrace after forex open, looking for a follow through to at least the 3.25 level on ngas aka NATTY

Note

Trade closed manually

MoneyFlowTrader

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MoneyFlowTrader

Also on: