Pullback expected after five weeks of growth; key levels 4.283 and 4.194 in focus.
This analysis is based on the Initiative Analysis (IA) method.
Hello, traders and investors!
After five weeks of steady growth, natural gas now appears to be preparing for a correction.
On the daily timeframe, a sideways range has formed, and the seller’s formal target inside this range has already been reached.
On the 4-hour timeframe, we also see a sideways structure, but seller initiative is active. The current seller target is 4.194.
A large volume cluster has formed at the upper boundary of the range, and the price is now breaking downward from that area. This zone becomes a broad seller area at the top of the range.
It’s important to watch how the price reacts around 4.283, which represents 50% of the trading range. For now, the expectation remains the same: a move toward 4.194.
A good area to look for short entries would be around 4.392, if the price gives a pullback into that zone.
Wishing you profitable trades!
This analysis is based on the Initiative Analysis (IA) method.
Hello, traders and investors!
After five weeks of steady growth, natural gas now appears to be preparing for a correction.
On the daily timeframe, a sideways range has formed, and the seller’s formal target inside this range has already been reached.
On the 4-hour timeframe, we also see a sideways structure, but seller initiative is active. The current seller target is 4.194.
A large volume cluster has formed at the upper boundary of the range, and the price is now breaking downward from that area. This zone becomes a broad seller area at the top of the range.
It’s important to watch how the price reacts around 4.283, which represents 50% of the trading range. For now, the expectation remains the same: a move toward 4.194.
A good area to look for short entries would be around 4.392, if the price gives a pullback into that zone.
Wishing you profitable trades!
ملاحظة
The price has reached the 4.194 target
Clarity on the Chart. Smart Trading Decisions
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Clarity on the Chart. Smart Trading Decisions
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.