NATURAL GAS-Did we bottom?During previous posts, linked in description, we tracked the bearish patterns unfolding in a macro ABC to the downside in Natural Gas.
Now, targets of wave C are reached and the structure seems complete. Bulls where shaken a bit out, and price reacted impulsively from 2.115, and then retraced to the Golden fibo zone, where today's daily candle was printed. Natgas may be now reversing to the upside.
NGSUSD trade ideas
NatGas pressing against the lowsTrade Idea: Selling NATGASUSD
Reasoning: Price action remains entrenched in a downtrend. Short-term rallies continue to be sold. We are looking for a break of support at 1.97.
Entry Level: 2.029
Take Profit Level: 1.900
Stop Loss: 2.080
Risk/Reward: 2.53:1
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Down She GoesUnless NATGAS can claim back the support zone very shortly, this looks to be heading further down...
NATGAS FORECAST 2023The prior entries flopped but i couldnt update the reversals cause i was banned
by trading view (matrix attacking) that being said
LETS BE HONEST ALTERNATE ENERGY SOURCES IS A JOKE
those sources need to reduce exports to meet their own demand too
Market insider headlines id paste the link but matrix be finding reasons these days
The European Union's upcoming ban on Russian oil products could spell more turmoil for the Kremlin.
China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5.
That's in contrast to Russian crude oil, which were snapped up by China and India after Europe shunned those supplies.
XNGUSD Mar-Apr 2023Code XNGUSD is available
Month:
Trend: down. The month is not closed yet. But the possibility is still a month down
Amplitude: Back to the hard HTCC mark is 2.1
Duration: at least 3 bars left (9 bars are typical down phase). That is, the possibility of the month going down to July 2023
Week:
Trend: The trend is unknown.
Range: Back to HTKC 2.1-2.2 to test channel, pattern and resistance
Time:
The ability to buy time until the end of the month because the down phase was too harsh
The end of the month is exactly 17 weeks, there is harmony in time with the form 1-5 long, 3 short
Day:
Trend: The trend is unknown. Across
Amplitude: Going back to the milestone of HTKC 2.1-2.2 is the end of the weekly range. So there is absolutely an entry point in the day.
Time:
Typical cycle is 40 bars down, 37 bars up.
So, if you follow the typical cyclical range, the possibility of a correction to 2.2-23 at the beginning of the month and then a bounce is high.
Detailed comments on the codes of interest
Scenarios and probabilities
Scenario 1: The month has an upward pullback (wave 2 of the month), creating a mid-term (weekly) reversal point. It is expected that the week can go to July/23 and then break down on the monthly frame.
That is, we have a scenario where the mid-term week is about 6.0 points, from April/23 to 7/23
So we need to wait for the entry point on the date frame.
Trading strategy for the highest probability scenario
Command Types
Position order: Monday 27/3, enter buy position at 2.2, sl 0.05 because of high overnight fee
Stuff order: Break through the 10-day MA and add a stuffed order with a volume of 70% of the capital
Natural Gas long opportunity
Potential long opportunity, as Natural Gas seems to have hit the swing low on the 4 hr chart in the same support zone as the previous swing low around 22-Feb.
There is positive momentum and price towards upside and end of bearish Elliot wave end(5).
Also, PSAR shows buy entry and price deviating away from the bearish trendline towards upside.
Prefer to wait out the weekend and take long opportunity on the 30min/1 hr timeframe swing low, after any gap opening on Monday if support holds and volume remains positive.
SELL NATURALGASGood morning traders!
Haven't posted in a while since I took my time to teach the new guy I started working with, I'm sharing with you today my trade on NATURALGAS which is a short one.
Sell and set TP and SL at your own risk!
For more questions don't hesitate to ask!
NaturalSimple math do you think 2$ soon is going to be worth or even worth 1.5$.
Natural resources are going to be the global currency .this might be the best investment ever happened in History , Good Luck
NFA
++++++++++++++++++++++++++++++++++++
Even 5X Leverage is enough dont be greedy plz
NATGAS bottoming on daily chart.NATGAS is bottoming with bullish divergence on RSi . TD indicator is already counted to 9 on daily chart,and it means reversal is near..If you plan to get in,get in soon because prices will not be this low in few weeks from now..Do not get to greedy and wait for much lower prices..Opportunity is here in front of your eyes
Natural Gas (Multi-Time) Analysis Hello everyone
As u see its on monthly demand zone and also we have got regular divergence at (4H) price makes lower lows and oscillators makes higher highs so we can expect bullish movements to (4.753) after few month latter.
NATGAS will spark soon....Daily Chart suggest shifting price.
NG is not for the faint of heart due to its extreme volatility so practice safety still -- but with right timing and setup, it can be rewarding.
This is the second attempt (reversal) on the daily, and the probability of a short squeeze is high.
Spotted at 2.056
SL at 1.9.
GOODLUCK NATTIES.
natgas - long with target 3,2End of descending wedge, with horizontal support and double bottom on the 30 min, now quick retest and breakout. Time to be a bull!
Moment of truthJust wanted to update the chart a bit. This is what I see.
So the break out is near. I continue to hold my longs and accumulating more when the price drops.
The volume drop on the sell side suggest a reversal. I think it will be to the upside. Anyway, I am paying close attention to the lowest demand zone. (fingers crossed we don't breach it)
Long natural GasDouble bottom breakout from a major support zone. Could be a potential 2nd position once the 4 hr time frame confirms?! Lets see!
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨
Hey traders,
I spotted a classic harmonic ABCD pattern on Natural Gas.
The completion point of the pattern matches perfectly with a horizontal key level.
Analyzing intraday time frames, I also spotted a falling wedge pattern on 12H.
To buy with a confirmation, wait for a bullish breakout of the resistance of the wedge.
Its violation may initiate a bullish movement.
Goals will be 2.43 / 2.58
❤️Please, support my work with like, thank you!❤️
Natural Gas - Double bottomAfter a turbulent period, gas settles with a double bottom and confirms a trend reversal.
Natural GasI have shared my idea about natural gas. The market step by step becomes range during some months and then be ready to become bullish.
Natural Gas (Weekly) BuyWhat has been will be again, what has been done will be done again there is nothing new under the sun.
NG falling wedgeas i see falling wedge of chart is probably happening so i think soon or later this will break out to 3.3 to 3.5.
lets see how it goes.
natural could reversal hrer ?
ngas hard down several weeks in a row
but this area is good possibility to reverse here
let;s seeeeeeeeeeee ~~~
long natural gas bull from here ?
natural gas could pivot here ?
i expect this area is good for reversal zone
let;s seeeeeeeeeeee ~~~~~~~~~~~~~~~~~~~~~~~~~~~
If i Find any confirmationof SMC i will longIf i Find any confirmation Based on the Rules of SMC i will go long buz there is imb and B order
