"In this analysis of Natural Gas Futures (4H timeframe), we identify a bullish ABCD pattern that projects a Potential Reversal Zone (PRZ) around 394.5-395. Key highlights include:
ABCD Pattern: The 1.618 Fibonacci extension from the BC leg aligns with the PRZ.
Current Price Action: Natural Gas is trading around 368.6, indicating a strong upward momentum.
Key Levels:
Resistance at 394.5 (PRZ zone).
Support levels marked at 365.2, 364.3, and 361.5.
Strategy Insight:
Traders may look for potential shorting opportunities at the PRZ (394.5) with confirmations.
Alternatively, breakouts above 394.5 could indicate further bullish movement toward 400+ levels.
This setup is ideal for monitoring reversal or continuation scenarios. Keep an eye on volume and momentum indicators for better confirmation."
ABCD Pattern: The 1.618 Fibonacci extension from the BC leg aligns with the PRZ.
Current Price Action: Natural Gas is trading around 368.6, indicating a strong upward momentum.
Key Levels:
Resistance at 394.5 (PRZ zone).
Support levels marked at 365.2, 364.3, and 361.5.
Strategy Insight:
Traders may look for potential shorting opportunities at the PRZ (394.5) with confirmations.
Alternatively, breakouts above 394.5 could indicate further bullish movement toward 400+ levels.
This setup is ideal for monitoring reversal or continuation scenarios. Keep an eye on volume and momentum indicators for better confirmation."
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