NATGAS: What goes up must come down

7 set 2022

Lets keep it simple:

We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic

We had a small H&S pointing to T1: Hit


Whats next?

Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S

Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.

Most likely liquidity below $5.30 will be swept before making any significant upmove



Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)

Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls


Hold my beer pls

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No financial advice, do your own research, don't be stupid

20 ott 2022

Trade chiuso: obiettivo raggiunto

here we are on 2.618. bulls would have to hold 1.886 to avoid getting slaughtered

19 giu 2023

Nota

once 1.886 was triggered, sell off continued hard. done here