Natural gas to retest resistance in the coming daysIf Natural gas breaks the 2.9 resistance, we might see a run towards the 3,4/3,5 area.
NATURALGAS trade ideas
NG found its bottom, looking left looks promising.As some of you recall, i had been looking on this to longed, somehow BingX removed it and put it back in for trading . so when that happened i stopped loooking into this until they put it back in.
anyhow, this one is good for a long run and i would say it could only give you good entries...
my idea is an ABC (grabed some on the end of B), but if i look left (darvas box) it did some similar pattern (choppy) before the rally, thats why it could still come down a bit for an EW ~ non financial advice - dyor.
Natural Gas 4hr timeframeLong natural gas, beautiful double bottom pattern at a major level of support. Gap to be filled (red arrow) Up from here!
Pullback to 2.582 before another bull runNG likely to pullback to this support area highlighted at 2.582 before pushing off to another bull run. This area was previously the area of consolidation as well. This pullback seems to be short term corrective.
NATGAS Long- Used SFP & Breaker Order Block, with confluence SFP at the Monday low on 12H, 4H, and 1H
- MSB to the upside on the 30m buying retest of Breaker Order Block
- TP1 will be Monday's high, will reassess there but there's a possibility of filling the gap at ~2.93 and could hit 1D FVG at ~3.05
#Natural Gas: Breakout And RetestPrice broke out of the resistance zone
As you can see, the price is testing the resistance turned support
I believe a bullish continuation would happen
natural gas long positionHi All,
Am still convinced that Natural Gas still in A,B,C correction of wave 4 of big C, and we still have 5 waves to go, I tried to explain every thing on the chart, please let me know of you have any comment.
good luck for all.
Nidal Khalid.
NATURALGAS LONG IDEA (SHORT - MID TERM)Idea: Long around 2.46 - 2.56 (RR Ratio 2+)
Reason: Rebounded off key support 2.4+ area, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout, retest of previous supply zone 2.54 area
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 2.35
Key targets (Short-mid term): 2.6, 2.65, 2.69, 2.71, 2.74, 2.77, 2.8, 2.84, 2.87, 2.92, 2.98, 3.0, 3.05, 3.09, 3.12
Natural GAS START MOVING UP.The trend line decline i expect the upward movement to approach the resistence line i expect a corrective and it will continue upwar movement.
NATGAS Long on 1h closewww.tradingview.com
took a NATGAS long on confirmation of the 1h close. Used a breaker block, SFP, and OTE to get an entry. TP 1 will be Thursday's high but I'll reassess when we're back there.
NATGAS-4HIn the four-hour time frame, natural gas was in a downward trend, and with the breaking of this lime trend, it has started its upward wave towards the resistance range of $4. If this resistance is broken, natural gas can rise up to 4.47.
Dead-cat bounce in NatGas??Trade Idea: Selling NatGasUSD
Reasoning: Hanging man candle posted on the daily chart. Elliott wave 5th and final wave potentially complete looking for ABC correction. Stalling at previous swing high. Potential to sell into major downtrend.
Entry Level: 2.738
Take Profit Level: 2.600
Stop Loss: 2.800
Risk/Reward: 2.23:1
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Pivotal day as NG challenges 4 month downtrendNatural Gas is challenging 2.80 level which offers an area of resistance from 4 month downtrend started on Nov 23rd 2022.
