Natural Gas Run To Continue?
Updated
https://www.tradingview.com/x/NLCPREbS/
Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress.
A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week.
Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress.
A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week.
Note
We have a six count with the current bar.Note
Failed pattern. Exiting trade.Note
Stop loss trigered on July 1 at 2.478 close.
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