hey guys, how are you all doing?
i want to share my idea on Natural Gas price action. since making a high, price has steadily dropped before showing signs of support.
I made the measurements and found AB=CD.
However, the time element and exact .618 retrace of C leg isn't met but imho is close enough to warrant an entry.
The MACD and Klinger Volume are showing bullish divergence at H4 with a bullish D1 candle at close.
If you guys have any inputs regarding this asset's price action, please your welcome to share. As always, Risk management is key to any trade.
My Invalidation is just below 4.96. Safe Trades 🙏
i want to share my idea on Natural Gas price action. since making a high, price has steadily dropped before showing signs of support.
I made the measurements and found AB=CD.
However, the time element and exact .618 retrace of C leg isn't met but imho is close enough to warrant an entry.
The MACD and Klinger Volume are showing bullish divergence at H4 with a bullish D1 candle at close.
If you guys have any inputs regarding this asset's price action, please your welcome to share. As always, Risk management is key to any trade.
My Invalidation is just below 4.96. Safe Trades 🙏