Long on NATGAS throughout the month of April

2023年3月31日

Seasonally, April is on average a bullish month for Natural Gas and looks to have set up for a similar outcome this year.

It has made a huge double bottom on the daily with a extreme bullish RSI divergence and you can see a similar positive RSI set up on the hourly and the 4 hour chart as presented in my post.

My target is modest 3 which would is the most recent resistance tested on the 3rd of March and a increase of 46%.

Good luck!

2023年4月3日

交易進行

With a correction to the base of the rectangle allows for an opportunity to buy in if you missed out initially. Bullish RSI divergence reloaded.

2023年4月4日

註釋

We can now see that a diamond harmonic pattern has manifested which often suggest a turn in the direction of the price trend, which in this case would be a bullish turn.

2023年4月5日

交易進行

Looks like a correction after breaking out of the bullish diamond pattern reversal

2023年4月6日

交易進行

Retested the diamond reversal pattern and looks to be on it's way up.

2023年4月11日

註釋

Onto 2450 after breaking resistance

2023年4月15日

交易進行

Support found once again, but as a result has developed a H&S pattern which needs to be invalidated. Otherwise we might have trouble. A lot of shorts could be trapped as a result of the H&S.

2023年4月25日

交易進行

A cup and handle has formed. If it breakout then we are in for some bags

2023年5月3日

交易結束：目標達成

Well April did turn out to be bullish. Hope anyone following cashed out before May which filled the gap below!