FullTimeTrader

NGAS-Great opportunity to buy gas with low risk

شراء
FX:NGAS   غاز طبيعى (خطوط أنابيب هنري هاب)
8
Hello, from my point of view gas and oil already bottomed.
Four months ago i published and idea on NGAS long:

That idea is still valid, price didnt break last D1 lows and now is consolidating forming a series of 1-2 s
Last ugly consolidation is wave 2, i saw this structure on other charts.

We have also:
- AB=CD pattern tell us that correction for wave 2 has finished
- 0.786 fib retracement (deep retracement for wave 2)
- price is bouncing from corrective channel
- nice diamond on H4 chart, this pattern usually means trend change
- Oil has already rebounded (corrected), we should expect the same for gas (correlation information is useful!!) but not to the pip off course.

Most important the R/R ratio is good. The invalidation level (stop loss) is near 2.55

Best regards

***********************
Diamond pattern visible on H4 chart

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.