Natural gas - correction/swing trade - sell on 4H

market price broke out of down trend channel and is now near first stronger resistance area at 2.5. After the breakout we haven´t seen a trend confirmation until now. This is needed for bigger up movements and a break above 2.5 area

I expect many sellers entering the market at current stage which brings the market price down to at least partial take profit area.

All indicators showing incoming bearish movement:

-MACD baselines are neaar strong sell area and baselines going to cross bearish
-Stochastic RSI is in heavy overbought area and baselines going to cross bearish
-Regular RSI is in heavy overbought area and we can expect market/trend reversal

Yorum:

market showing first sell entrys

İşlem aktif

İşlem kapandı: hedefe ulaştı:

closed manually after strong reversal candle