Natural Gas might have broken out of its down trend with a H&S at the turn of the year. As usual, there's always a pullback but since April, it has rallied till today.
Multiple consolidation pattern can be observed from the 4H chart, and this last consolidation pattern might be its last burst up before hitting a resistance drawn from the Weekly chart.
Depending on your entry, a 2:1 R/R ratio isn't all that bad. Might be better if the bulls decided to push it beyond the 1st resistance line to the top.
Trade cautiously!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Multiple consolidation pattern can be observed from the 4H chart, and this last consolidation pattern might be its last burst up before hitting a resistance drawn from the Weekly chart.
Depending on your entry, a 2:1 R/R ratio isn't all that bad. Might be better if the bulls decided to push it beyond the 1st resistance line to the top.
Trade cautiously!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.