Natural Gas (NG1!) rose and hit our 2.900 Target called on our last analysis (August 29, see chart below) and after a pull-back, broke above the Triangle:
The Triangle transitioned to a Channel Up and the price is already near the end of its Bullish Leg. The 1W MA200 (red trend-line) is the long-term Resistance (untouched since January 17 2023) so only above it can we justify a new bullish trend.
Until then, our Target is 3.745, which represents a +99.50% rise from the last Higher Low, which is the same % rise as the first Bullish Leg of the Channel Up.
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The Triangle transitioned to a Channel Up and the price is already near the end of its Bullish Leg. The 1W MA200 (red trend-line) is the long-term Resistance (untouched since January 17 2023) so only above it can we justify a new bullish trend.
Until then, our Target is 3.745, which represents a +99.50% rise from the last Higher Low, which is the same % rise as the first Bullish Leg of the Channel Up.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🚀 I Trade Crypto, Stocks, Indices & Commodities on Bitbase | 1k+ pairs,Low fees,One account! Signup👉 bitbase.com/pro/TRADINGSHOT
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.