Natural Gass Predictions
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Looking for potential pivot points at the shapes. I marked some examples from the past. I have an interest in the marked date of 1 Feb '24 (Red Star) and another big event that might happen on this drawing. I am also interested to see if the market goes out of the boundaries marked at 1.45 and 3.666.
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A little bit disappointed with the bounce from 2.744 instead of 2.777 where the edge of the rectangle was.ملاحظة
Two candlestick shadows right at the small blue rectangle. Not an ideal setup for a short, considering the nature of the previous bull wave, but it is a good confirmation of a resistance level marked by the rectangle. My math could be way off, but I would still give it a 48% chance to revisit 2.51 which could be a good bet, considering the good ratio between risk and reward, with a stop loss above the highs at the rectangle.
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The short was near the Friday close around 2.685 and after the Monday gap which was not covered, the price is around 2.6 as of now. Long way towards the stop loss at 2.8 which can now be moved lower, even at break even, depending on personal preference and money management style.ملاحظة
I mentioned 2.51 as a potential target in a previous comment. Target was hit. Looking forward for any other potential pivot points at the shapes.ملاحظة
This Hanging Man Pattern at the time stamp of the vertical rectangle is definitely a potential pivot point or even turnaround in the overall sentiment between the bulls and the bears. Potential target 2.39. Probability estimation: 3 to 5% Edge with the stop loss above the Hanging Man High.
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The price has met some resistance in this area. Several candlestick shadows and a failed attempt to break the level of the previous pivot point highs. This could be considered a continuation flag that could break up, but I can also easily see the case for the bears in this picture. The marked date of 1 October could turn out to be important, and any gap that we might see could dictate the tone and rhythm for the next week to come, depending on news/events during the weekend.
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Although we are still many hours away until the daily close, this looks like a Dragonfly Doji right near the white T which is similar to a dragonfly doji. We are approaching the Z zone which is marked with a downward arrow. Buckle your seat belts in case this ride gets grumpy bumpy. I honestly don't think this will ever get to touch the top of the T at 3, until December. Anything can happen though.ملاحظة
Candlestick shadow at the arrow pointing down. Does it matter? Needs a bearish candle as a followup confirmation.ملاحظة
Waiting for the first potential bearish candlestick in the big blue rectangle zone to see if it matters as a potential pivot point.ملاحظة
No bearish candle in the big blue rectangle yet.ملاحظة
Descending slope for the highs in the bull wave and a potential big bearish engulfing. Long way to go until this candle closes but the main question is where is the level where the bulls buy the dip? Or is this the potential beginning of a bigger bearish move?ملاحظة
Three bearish candles in a row. Only a green one can turn this around, but it would have a to be a relevant signal in a favorable position with a pattern or signs that support the potential turnaround/reversal.ملاحظة
Inverted hammer at the marked level after a decrease in bearish momentum: small difference in lower low for previous candle, and a higher low for today.Potential pivot point.
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2 possible scenarios if the marked white level holds as a resistance.ملاحظة
Big rebound from the line. Is this going to break the 3.666 level before 1 February?There is also another interesting time stamp for 16 Nov.
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Bearish engulfing at the marked date of the red man icon. Looking for at least one more pivot point at one of the elements in this project.ملاحظة
This green candle in this position, if it closes about the same, qualifies as a potential pivot point. The shape of the down wave suggests a decrease in momentum with shorter candlestick bodies and a change in the slope of the lows (decreasing difference between lower lows).ملاحظة
Tomorrow is the second white marked date in this project. Don't know what this could bring in this context, as the candle of today and it's position relative to the wave, it's shape, difference in price, and length in time, is not convincing regarding a potential complete reversal. We had 2 out of 4 blue rectangles hit with reversals in this project. Last one remaining with a Z on top could be interesting to be hit. Yellow rectangle should also be interesting in case we see a bounce from it.
Red Star still in sight, with less than 2 months to go. Any neuronal connections that might lead from Gas to Red Star to Red Army could be purely coincidental in the larger context of the math of the Universe. The coincidence with a 1 in a trillion chance to happen, will happen eventually... somewhere in the vastness of the Universe, in a specific point in time.
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Monday is the "Z" marked day. Gap open?ملاحظة
Not a big one, but it's a Gap.ملاحظة
Looks like it might be heading for the yellow rectangle. Red Star seems a little too high at 3. Could end up consolidating a bit if it reaches 2.74ملاحظة
Potential inflection point near the little white rectangle.ملاحظة
Approaching the much anticipated time stamp of the red star, the project does not seem to be over even after its passing. So far it is quite clear how the price remained in the initially proposed levels for observation 2.05 and 3.66. It will be interesting to see if this changes in the coming next 2 months.ملاحظة
2.05 level broken. Last observation in this project is this candlestick which looks good for a potential reversal. I have no targets in sight. The bull swing attempt could last just a couple of days. Trailing mode on.
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