Short
Going Short in Natural Gas
Trade Indications:
1. Formation of Doji candle on daily showing no comfidence in the traders.
2 DOW theory HL & LL intact.
2. AB = CD pattern in formation.
3. Price at 61.8% FIb level support
4. AB=CD pattern intact
5. Natural Gas moderately bearish in December/ January
6. Bullish divergence on ST-Dev
7. Increase in seller volume.
Trade plan: Short / sell Trade
Entry point : Buy above the support zone @ 5.240 with bullish candle.
Stop Loss @ 5.560
Take profit - 1 @ 4.980
Take profit - 2 @ 4.770
Secondray Trade Buy / Long
If the AB=CD pattern succeeded and price value bounces from 4.750 , then place a long trade.
Entry price @ 4.820
Stop Loss @ 4.750
TP - 1 @ 4.990
TP - 2 @ 5.500
Regards.
1. Formation of Doji candle on daily showing no comfidence in the traders.
2 DOW theory HL & LL intact.
2. AB = CD pattern in formation.
3. Price at 61.8% FIb level support
4. AB=CD pattern intact
5. Natural Gas moderately bearish in December/ January
6. Bullish divergence on ST-Dev
7. Increase in seller volume.
Trade plan: Short / sell Trade
Entry point : Buy above the support zone @ 5.240 with bullish candle.
Stop Loss @ 5.560
Take profit - 1 @ 4.980
Take profit - 2 @ 4.770
Secondray Trade Buy / Long
If the AB=CD pattern succeeded and price value bounces from 4.750 , then place a long trade.
Entry price @ 4.820
Stop Loss @ 4.750
TP - 1 @ 4.990
TP - 2 @ 5.500
Regards.
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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.
Related publications
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.