Natural Gas, 4-Hour, Head and Shoulders

٢٨ أغسطس ٢٠٢٢

Due to a head and shoulders pattern, a trend break, a supply reaction and an RSI divergence, I predict a decrease in natural gas' price.

٣ سبتمبر ٢٠٢٢

ملاحظة

The first target (demand zone) reached.

٧ سبتمبر ٢٠٢٢

ملاحظة

The second target reached.

١٧ سبتمبر ٢٠٢٢

ملاحظة

The idea is even current now. The second demand zone worked perfectly (also within a red indecision candle demand area, which is not marked down). Then there was a reaction to the resistance as the complement of the head and shoulders pattern.

٣٠ سبتمبر ٢٠٢٢

ملاحظة

Now we can see that an even bigger head and shoulders pattern has developed. In order to complete the formation, it is necessary to return to retracements of the lowest zone.