Natural Gas - In a bigger corrective structure - Buy opportunity
Natural Gas (Henry Hub) is in a bigger ABC corrective structure of a previous downward movement. Overall, in the weekly timeframe, it is in a big sideways move, but what we're interested in today, is that it will retest the previous highs taking the price in the 3.5 area, making it for a very decent short term buy opportunity.
If you are not in the buy from the break of the previous downtrend on the 4hr timeframe, wait for a small flag or corrective structure to the downside of today's upside move, and buy the break of said correction with a stop loss below it.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
If you are not in the buy from the break of the previous downtrend on the 4hr timeframe, wait for a small flag or corrective structure to the downside of today's upside move, and buy the break of said correction with a stop loss below it.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Even if it breaks previous low, our model does not change a bit: