NATURALGAS - Beginning Of The Break To Lower Lows?A shooting star is printing a shakeout through the 200 day MA.
The trend has been drifting for some time and so it could continue to drift, but its hit the liquidity landmark and printing a reversal candle.
If the day closes here then there could be more downside and potentially the trend change.
Also notice that it is potentially printing the Head & Shoulders pattern if further breakdown continues.
The shooting star has wicked through the left shoulder resistance also tapping the liquidity in that area.
We find very often that at major reversals that there are double or even triple significant liquidity pockets tapped and so this double tap here can be a clue that a major trend change is imminent.
As I have said I think this correction has gone on too long for this to be part of an accumulation. Much more likely there will be another wave down, hence why I am taking short positions and have added to my position here.
Its not impossible that this could yet whip up because that is what this chart does but it will likely be a fast elevator ride down if when it breaks.
Not advice
