Short NGAS
After breaking below the 2.55 price area recent price action is seen to pull back into and retest it showing signs of potential downward continuation. This price level is in very close proximity to the 20 ema and the 0.382 Fibonacci level. A bearish reversal bar thrusting off of this bundled rejection region is an offering of a short entry to resume to the downward trend.
entry - below low of today's bearish bar
stop loss - above high of today's bearish bar
target - at or ideally below previous low for better reward:risk profile
entry - below low of today's bearish bar
stop loss - above high of today's bearish bar
target - at or ideally below previous low for better reward:risk profile
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