Long

NATURALGAS: 3 White Soldiers at Bullish Shark PCZ

At the start of the year Natural Gas had a potential Bullish Shark setup at the minimum .886 PCZ and it ultimately failed to pivot from there but now we are significantly lower at the 1.13/1.618 Confluence zone of this Shark and are showing Bullish Divergence on the MACD as well as a 3 White Soldiers pattern on the daily. The bullish Target for Natural Gas remains to be $4.5 but it could go as high as $9.00. As for stops i'd put it below the second candle of the 3 White Soldiers Pattern which should be below the PCZ.
1618 Fibonacci Extension3whitesoldiersBOILBullish DivergenceBullish SharkChart PatternsHarmonic PatternsTechnical IndicatorsNatural GasThree White Soldiers

Also on:

Disclaimer