Natgas on the Range by ThinkingAntsOk
Main items we can see on the chart:
a) The price is on a weekly support zone and since MARCH 2020 has been ranging between 2USD and 1.50USD
b) If we analyze the range we can see that the price is moving towards the higher level of it, after the breakout of the zig-zag pattern (corrective structure)
c) The breakout of the range will give us reliable information about what to expect. Currently, we are in a historical reversion zone
d) If a breakout happens (bullish), we will wait for a daily corrective structure, and we will take the beginning of a new weekly motive wave IF all the filers happen.
e) FILTERS: Breakout of the range + 3 weeks correction
a) The price is on a weekly support zone and since MARCH 2020 has been ranging between 2USD and 1.50USD
b) If we analyze the range we can see that the price is moving towards the higher level of it, after the breakout of the zig-zag pattern (corrective structure)
c) The breakout of the range will give us reliable information about what to expect. Currently, we are in a historical reversion zone
d) If a breakout happens (bullish), we will wait for a daily corrective structure, and we will take the beginning of a new weekly motive wave IF all the filers happen.
e) FILTERS: Breakout of the range + 3 weeks correction