ForexCollege

Natural Gas head and shoulder tentative

Short
PEPPERSTONE:NATGAS   Natural Gas (Spot)
Here we have a *tentative* head and shoulder pattern, with the price hovering around the neckline. A head and shoulder pattern generally creates a triangle pattern between the head and right shoulder, and as we know with a triangle is that we can anticipate breakouts or breakdowns, triangles patterns are not only continuation patterns. Always anticipate all possible moves the price can make. Take note that the Russia/Ukraine war has a major impact on supply and demand, trading is based on the laws of supply and demand. On lower time frames the price might be traded with in the triangle pattern.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.