Natural Gas testing the mid triangle point

Natural gas is testing the downside resistance

 

Natural gas is testing the strong downside resistance of 5.610. Natural gas volatility has picked up and it is forming a consolidation triangle with 5.610 level on a test being a midd point of triangle and close to arecent gap up. A break below this level is required for a deeper correction possibly to 5.150 before making attempts to a new high. Alsdo this is a 4th wave pullback ongoing.

Note: look for the short trade entries upon a confirmed break below 5.610, in the case of a bounce today look for the long trade with a stop loss below 5.650

GET THE COPY TRADING AND PREMIUM MEMBERSHIP FOR FREE

 

 

Natural Gas Elliott Wave analysis

 

 

 

If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.

COPY TRADING MADE EASY

Take a break from your trading routine and let some funds be run by us! Copy our trades!

 

Scroll to Top
×