(W) Multiple patterns completed for NGAS

24 Şub 2023

NGAS

The symmetrical abcd pattern was completed at 2.49 and the bullish shark pattern was forged at the golden fib extension a couple of points($) below at 2.44.
Both patterns suggest a bounce that could send BOTH PATTERNS SUGGEST BULLISH MOVES THAT COULD SEND NGAS TRADING BACK TO $5trading back to $5, which is equivalent to a move of 100% or 25k points above the current price.
We have new fractal support at 1.96 - just below the 200% fib extension - the default target for the head and shoulders pattern printed above.

https://www.tradingview.com/chart/EURUSD/gUOApG6g-AB-CD-Gartley-Patterns-Educational/

https://www.tradingview.com/chart/EURUSD/ZOzp9b8D-The-Shark-Pattern-Engagement-Rules-Educational/