NGAS : Short Setup towards $2.50 and below
Energy is very difficult to trade under present OPEC situation.
Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%.
Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure.
Take your entry wisely with perfect money management.
energy trades and OPEC can burn your accounts.
Trade your own plan
Happy Trading
Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%.
Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure.
Take your entry wisely with perfect money management.
energy trades and OPEC can burn your accounts.
Trade your own plan
Happy Trading
تم فتح الصفقة:
As we suspected, it became weak on follow through. I am going short with tight SL
تعليق:
تعليق:
NGAS always overshoot :|
تعليق:
Warning !! : Careful for this structure completion, it can reverse or keep falling. Trade with Breakeven S L
أغلقت الصفقة: تم الوصول للهدف
www.tradingview.com/x/yTLqaBXt/