Natural gas - correction/swing trade - sell on 4H
market price broke out of down trend channel and is now near first stronger resistance area at 2.5. After the breakout we haven´t seen a trend confirmation until now. This is needed for bigger up movements and a break above 2.5 area
I expect many sellers entering the market at current stage which brings the market price down to at least partial take profit area.
All indicators showing incoming bearish movement:
-MACD baselines are neaar strong sell area and baselines going to cross bearish
-Stochastic RSI is in heavy overbought area and baselines going to cross bearish
-Regular RSI is in heavy overbought area and we can expect market/trend reversal
I expect many sellers entering the market at current stage which brings the market price down to at least partial take profit area.
All indicators showing incoming bearish movement:
-MACD baselines are neaar strong sell area and baselines going to cross bearish
-Stochastic RSI is in heavy overbought area and baselines going to cross bearish
-Regular RSI is in heavy overbought area and we can expect market/trend reversal
Commento:
market showing first sell entrys
Trade attivo
Trade chiuso: obiettivo raggiunto:
closed manually after strong reversal candle
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Idee correlate
