potential bullish breakout setup for Natural Gas

3일 전

Price Action Patterns:
The price appears to have been forming a rounded bottom, signaling possible accumulation.
The recent price action has moved upwards towards a significant horizontal resistance at $3.65. This is the level to break for confirmation of a bullish breakout.

Waves:
The move resembles a Wave 1-2 pattern, with Wave 3 (impulsive wave) likely beginning above the breakout level.

Order Buy Stop
Entry Price: $3.70 (just above resistance for confirmation)
Take Profit (TP): $5.30 (first major resistance zone)
Stop Loss (SL): $3.20 (below recent swing low)
Confidence Level: 75%