NATGAS_1D📊🔥Gas analysis in long term time frame Elliott wave analysis The market is in the 5 Elliott waves of decline, and we are currently at the end of the 5th wave of decline, which is very suitable for investment and purchase, and the market can enter an upward wave in the future. Main support range 1.000 to 1.600 Resistance and target 4.600, 5.600 and 6.600
NATGAS.PRO.OTMS trade ideas
Classic Double Bottom Formed here in chart we have seen a double bottom with divergence and over sold zone and most imp thing is in multi years demand area. so if market cross yesterday high then we can have agressive buying, finding the second leg of double bottom we can buy some quantity also. we will have break thorough of Double bottom pattern and we can target till 2.1 . as per chart i have found that we will have side ways market between 2.1 and 1.6 level before a breakout of proper Bull market. thank you all trader. its my small help for trader to support their trading...
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NATGAS LONG TERM TRADE analysHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Natural gas $1.54 - $1.56 - watch that levelNatural gas has been shorted by several hedge funds including Citadel and AQR. It still has approximately 7-10% down price action to go from here. It is NOT safe to long, because natural gas has associated geopolitical risk. Fundamental reasons > technical analysis for this commodity. Unfortunately, it means natural gas can also go BELOW $1.50 (highly possible) given the geopolitical tensions between EU, Russia and the US. Thus, one has to be patient before longing natural gas, as there is high liquidation risk.
Sharp corrective more probable?Dear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
The first analysis is Litecoin
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Finding resistance by Price and RSII am analysising a bull run from 1.8 - 1.9 level. As its a demand area of monthly candle and rsi 40 support. Both are comming together. So my point of view is heavy buying may occur. As from monday usa weather is also falling more. And such fall of commodities affect global economy, biden administration also send for inquiry about the Gas price.
Natgas Down ChannelThe price recently broke upward from a downtrending channel. However, considering the strong bearish momentum on a higher timeframe, my current bias leans towards a bearish outlook. To assess the strength of the channel breakout, I've applied Fibonacci retracement, with particular attention on the 0.618 retracement level. Any potential shift in my bias will be contingent on the price's behavior around this level. I rely on reading candlestick patterns within significant areas to gain clarity and make informed trading decisions.
Natural Gas / XNG Porjection Natural Gas prices traded near the July 2020 low and also the same low placed in March 2016. But the Point of interest is that the price rebounds from that level, so it's a good time to initiate long positions but partially till 1.50. Its long-term setup holds it .it could be the best trade of 2024 good luck.
Natural Gas - looking for buyingDear traders,
Id like to share this idea in order to take long positions, basically the price is in 2$ quite sicological level, actually it seems that is looking for a support.
1,8- 2$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
Natural Gas, Elliott wave analysisOutlook for Natural Gas on 4h chart.
There have been no changes since the last update.
sub-wave 5 of wave C may already be completed.
If the assumption of this scenario is correct, Upper-degree wave (c) will be started. I think Sub-waves of wave (c) will form a five-wave Impulse.
Last time my idea.
■Feb 1, 2024. Short-term analysis.
■Jan 30, 2024. Short-term analysis.
NatGas UpdateNatGas has finally reached what appears to be a local bottom. As shown on the chart, single abc zigzags can form a triangle, but abc can also start an abc flat.
Considering the depth of the retracement, this unlikely to mark the end of the correction.
We'll be monitoring for more cues. If the price rises shaping abc zigzag, the triangle will become more likely. If the increase is in complicated wxy, we are most likely in wave B of (a)(b)(c) flat (green).
If the price continues to decline, we will pull the brakes and reassess.
NatGas Medium Term The chart's key message is that we are likely to be in a large block of corrective waves until about April.
It is possible that this will be wave (B) or even (2), followed by sharp impulse wave (C) or (3).
However, it is equally feasible that we will continue to see-saw movements, forming a contracting diagonal (C) in the black scenario.
An alternative bearish count with decline to lower lows is possible yet less likely. I will introduce it in the next update.