Trade Indications:
1. Formation of Doji candle on daily showing no comfidence in the traders.
2 DOW theory HL & LL intact.
2. AB = CD pattern in formation.
3. Price at 61.8% FIb level support
4. AB=CD pattern intact
5. Natural Gas moderately bearish in December/ January
6. Bullish divergence on ST-Dev
7. Increase in seller volume.
Trade plan: Short / sell Trade
Entry point : Buy above the support zone @ 5.240 with bullish candle.
Stop Loss @ 5.560
Take profit - 1 @ 4.980
Take profit - 2 @ 4.770
Secondray Trade Buy / Long
If the AB=CD pattern succeeded and price value bounces from 4.750 , then place a long trade.
Entry price @ 4.820
Stop Loss @ 4.750
TP - 1 @ 4.990
TP - 2 @ 5.500
Regards.
1. Formation of Doji candle on daily showing no comfidence in the traders.
2 DOW theory HL & LL intact.
2. AB = CD pattern in formation.
3. Price at 61.8% FIb level support
4. AB=CD pattern intact
5. Natural Gas moderately bearish in December/ January
6. Bullish divergence on ST-Dev
7. Increase in seller volume.
Trade plan: Short / sell Trade
Entry point : Buy above the support zone @ 5.240 with bullish candle.
Stop Loss @ 5.560
Take profit - 1 @ 4.980
Take profit - 2 @ 4.770
Secondray Trade Buy / Long
If the AB=CD pattern succeeded and price value bounces from 4.750 , then place a long trade.
Entry price @ 4.820
Stop Loss @ 4.750
TP - 1 @ 4.990
TP - 2 @ 5.500
Regards.
