CFDs on Natural GasUpdated Natural Gas Fibonacci Timeline Thought Experiment
The four recent peaks fit perfectly into a fibonacci timeline in a downward channel.
Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.
Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.
Note
Price followed channel, peaking approximately at fib timeline boundaries. It's now showing early but weak (at this stage) signs of breakout. Will be interesting to watch how this play out over the next few trading sessions.Trade closed manually
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