NATGAS Update
As previously posted I closed my short position a few units before the gap was closed for NG. (see my previous post)
I waited to see if price will go any further downwards, but price keeps getting rejected around the gap.
I opened a long position after seeing the price get rejected again (see illustration).
Chart seems to be forming an IHS or Cup handle.
Entry points are Entry 1 (current price) or Entry 2 after a pull back
I see further upside to my TP1 and/or TP2 if lucky.
I am letting my position run with SL to BE and see where this goes.
Thank you. GL.
I waited to see if price will go any further downwards, but price keeps getting rejected around the gap.
I opened a long position after seeing the price get rejected again (see illustration).
Chart seems to be forming an IHS or Cup handle.
Entry points are Entry 1 (current price) or Entry 2 after a pull back
I see further upside to my TP1 and/or TP2 if lucky.
I am letting my position run with SL to BE and see where this goes.
Thank you. GL.
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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.