Natural Gas (NG1!) is having a strong green 1W candle, coming off a 2-month decline. It is highly likely that this correction has come to an end as the price hit this hit (and thus rebounding on) the Higher Lows trend-line that started all the way back since the February 20 2024 market bottom.
Technically the whole pattern from that day until now looks similar to the June 22 2020 - March 15 2021 sequence, which initiated a stronger 3rd Bullish Leg all the way to the Symmetrical Resistance Zone.
A potential 1W Golden Cross would confirm this upward break-out, just like it did on June 14 2021.
If that takes place, our long-term Target would be 6.400 (Symmetrical Resistance Zone).
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Technically the whole pattern from that day until now looks similar to the June 22 2020 - March 15 2021 sequence, which initiated a stronger 3rd Bullish Leg all the way to the Symmetrical Resistance Zone.
A potential 1W Golden Cross would confirm this upward break-out, just like it did on June 14 2021.
If that takes place, our long-term Target would be 6.400 (Symmetrical Resistance Zone).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.