CMP: $4.092
💥 Up +38% from mentioned support ($3.013–$2.956) and +46% from lows in a month. 🚀
The falling wedge breakout played out strongly, and price is now testing the critical resistance of the falling yellow trendline near the previous swing high $4.067.
A weekly close above this trendline will confirm a major breakout, potentially triggering the next leg higher.
📊 Key Levels:
🛡 Supports: $4.067 / $3.013–$2.956 / $2.692–$2.643
🚧 Resistances / Targets: $5.125–$5.630 / $9.35–$10.00
Structure now forming a larger Symmetrical Triangle between rising and falling yellow trendlines — watch for breakout confirmation.
⚠️ Possible short-term pause/retest before continuation.
#NaturalGas #NG #Commodities #FallingWedge #RisingChannel #SymmetricalTriangle #ChartPattern #PriceAction
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
💥 Up +38% from mentioned support ($3.013–$2.956) and +46% from lows in a month. 🚀
The falling wedge breakout played out strongly, and price is now testing the critical resistance of the falling yellow trendline near the previous swing high $4.067.
A weekly close above this trendline will confirm a major breakout, potentially triggering the next leg higher.
📊 Key Levels:
🛡 Supports: $4.067 / $3.013–$2.956 / $2.692–$2.643
🚧 Resistances / Targets: $5.125–$5.630 / $9.35–$10.00
Structure now forming a larger Symmetrical Triangle between rising and falling yellow trendlines — watch for breakout confirmation.
⚠️ Possible short-term pause/retest before continuation.
#NaturalGas #NG #Commodities #FallingWedge #RisingChannel #SymmetricalTriangle #ChartPattern #PriceAction
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.