Hi friends, in this post I would like to update my previous idea which worked out perfectly wherein 2 targets were achieved (target 1 & 2 as identified in the chart). It looks like Natural Gas wanted to test the broken H&S neckline again around $2.75. On Friday 26th Feb, the price made a fake breakdown but the closing was perfect with a bullish hammer closing at the support.
From here I expect the price to approach the next resistance around $2.96 followed by $3.16 within the upward channel illustrated in the chart. Overall, it looks like we are in the beginning of a massive rally (wave 3) up towards $4+!!
Link to previous NG idea below:
Please share your thoughts. Thanks for the support and good luck with your trades.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.