NatGas - Massacre
Aggiornato
I don't have a working cycle count in NatGas right now as I haven't traded it since it topped earlier last year.
This is a falling knife.
2 days ago we lost 3.300. That was the 2021.02.18 top and the Fibonacci 78,6% retracement level. As we broke below that level I see nothing until 2.442 and 2.267.
If anyone wants to long this needs to wait at least a reversal candlestick pattern but I wouldn't try any long position before price drops between 2.442 and 2.267.
This is a falling knife.
2 days ago we lost 3.300. That was the 2021.02.18 top and the Fibonacci 78,6% retracement level. As we broke below that level I see nothing until 2.442 and 2.267.
If anyone wants to long this needs to wait at least a reversal candlestick pattern but I wouldn't try any long position before price drops between 2.442 and 2.267.
Nota
Trying to bottom at 2.442 just as I mentioned a few weeks ago.
Nota
We migh have a fast drop -stop run - to 2.267.
Nota
The red arrow drop what I highlighted on the last picture is just a possible scenario what may or may not happenNota
If you start to short it here for a small drop you might find yourself in a short squeeze because sooner or later a nice bounce s coming
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.