Head and Shoulders Pattern On Natural Gas

Here we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas.

The volatility between the head and the kneckline was 19% so we used this as our main take profit area.

At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%.

This was a big trade to take, the entry for this set up is below: entering on the break and retest of the pattern. Using the rally candle for the signal to enter was key also.

ảnh chụp nhanh

Also had a 2nd opportunity to enter the downtrend and this was the continuation pattern = symmetrical triangle (if located in a downtrend then the chances are that breakout will be to the downside

ảnh chụp nhanh

Follow me for more analysis and candlestick signals.



Beyond Technical AnalysiscandlestickpatterncandlestickreversalpatternscandlesticksignalschartanalysisChart PatternsGAShead_and_shouldertrendanalyisisTrend Analysis

Ngoài ra, trên:

Thông báo miễn trừ trách nhiệm