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Natural Gas (Henry Hub)
Short

short NG

By bageltokki
Updated
shorting NG if we get a bounce high enough to 3.02 to 3.06 levels and i see type 1 bearish divergence (possibly on 4 hr or 1 hr TF) possible type 2 bearish divergence on daily already in place with %R and MACD indicators.

Stop at 3.11. targets at 2.816 (R/R of 3) and 2.735 (R/R of 4)



Note
snapshot

getting there. grabbed a long in UGAZ yesterday. will close that out and will wait for it to hit 3.019
Note
UGAZ in 12.15 out 12,95. ~ 6% in a day. now we wait for the short
Order cancelled
well missed that gravy train on NG short. didnt retrace as much as I thought it would. couldnt justify opening shorts with that R/R.

now to wait for long to play out
Note
long ng
Trend Analysis
bageltokki

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