After last price move, which took long to complete the right shoulder the price move of NATGASUSD has broken out of the neckline and has close above the it at the same time reached the first target. previous analysis here ( www.tradingview.com/...l-bullish-formation/)
Still on the 4hours time frame, the price chart of NATGASUSD is consolidating below the first target at $2.406 and a likely retest of the neckline which was the previous resistance and now will turn to support(resistance turning to support and support turning to resistance). The two targets are still very valid, but the retest is an important part of the pattern down to $2.352. Targets back up are still a retest of the first target again:
Resistance 1: $2.406
Resistance 2: $2.453
Resistance 3: $2.507
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
Still on the 4hours time frame, the price chart of NATGASUSD is consolidating below the first target at $2.406 and a likely retest of the neckline which was the previous resistance and now will turn to support(resistance turning to support and support turning to resistance). The two targets are still very valid, but the retest is an important part of the pattern down to $2.352. Targets back up are still a retest of the first target again:
Resistance 1: $2.406
Resistance 2: $2.453
Resistance 3: $2.507
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.