NATGAS: What goes up must come down

7 sept. 2022

Lets keep it simple:

We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic

We had a small H&S pointing to T1: Hit


Whats next?

Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S

Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.

Most likely liquidity below $5.30 will be swept before making any significant upmove



Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)

Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls


Hold my beer pls

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No financial advice, do your own research, don't be stupid

20 oct. 2022

Trade fermée: cible de profit atteinte

here we are on 2.618. bulls would have to hold 1.886 to avoid getting slaughtered

19 juin 2023

Note

once 1.886 was triggered, sell off continued hard. done here