Retest of 0,61 unitl leg 1 double bottom above support area -- false break out with recovery of price livel .. potential upside for the next move.
accumulation of new position I have three position long .. this is the last for a potential C
After this periodo the cross created a nice pattern for a new long legs. My trigger has green light and stop loss is really close .. so
retest of support area I Open a new long position for this trade
There are some information that suggest a short trade will continue. 1- there is a H&S pattern under creation .. we can close the right should in the next day and broke the neck line... 2 - triple top done 3 - COT suggest and increase of short by Large traders 4 - recession is ongoing .... and Oil consume also. 5 - Elliott forecast suggest the possibilities of...
I follow this cross and in this moment there are possibilities for a big up until final 5 wave target
After this double face the cross can go up directly
After this pullback the cross will start a new long trend.
So this is a good possibility for rebound the short impulse.. now the target is long to 1.07
What do you think? AUDUSD show a big H&S with the shoulder nice completed end a Head with a double top. In the last days as completed the retest of neckline and now the pairs can break the dinamic support Target near 0,65
This last long wave has an a huge impulse but is not partecipate by buyer so there is a big divergence. This can give a pull back until 0,6 fibo retreacement. Open a short position after break of support area
This is my personale interpretation of this particolar market situation Probably is ongoing the Large Trader Manipolation
Pull back is aspected .. first target until to first static resistence .. second target until dinamic resistence
This is my view for Natural gas in the short time. If the price break the resistance area I will open a long trade with target near 3$ area.. Stop below tha actual minimum area with a very light loss. dont't open long position without the breakout ... only for speculation not for investment.
There are too many reason for this short.. keep attention but we are in extension on wave 5 and overbougth for many time.. so after inflation and interest rate is probably a breath to catch liquidity from market. I think about an correction until major support area.
It's a long time that I wait this move but finally is arrived. After a double top and very impressive bullish legs now can have a breath and go short until support area medium and possibility for a double bottom ..
Update of trade with chart For more dettails yuo can see in the link
Based on my previosly idea (see link in description) my idea is for a Long with a potential first target