Nat Gas an Expanding Wedge offers an upside bias
Mixed and volatile trading has resulted in an Expanding Wedge formation being posted on the intraday chart. This pattern has a bias to break to the upside. On a break through 2.656 the measured move target is the previous swing high at 2.794.
With bespoke resistance located at 2.621, there is ample scope for a corrective dip to the downside before the impulsive rally begins.
It should be noted that with a confluence zone located at 2.847, we could extend higher and the initial target level.
With bespoke resistance located at 2.621, there is ample scope for a corrective dip to the downside before the impulsive rally begins.
It should be noted that with a confluence zone located at 2.847, we could extend higher and the initial target level.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.