NGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade, because there is a good chance of a pullback there.
If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees).
More on our website: iam-unchained.com
If you decide to short and willing to take the additional risk, shorting UGAZ will be better than long on DGAZ because of the lower price of UGAZ (and subsequently- lower fees).
More on our website: iam-unchained.com
Заметка
Stop-loss will be a break and a closing above the channel line.Сделка закрыта: достигнута тейк-профит цена
Closed!GREAT Trade!
23.3% Gain if you shorted UGAZ as I recommended.
~8.5% if you traded NGAS.
Both gains are great!
See you in the next trade.
Заметка
* I can't edit the comment above, but it's not a minus sign before the 8.5.It's "~" - which means approximately.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.