NATURAL GAS Technical Analysis Chart Update
Time Frame - Daily
According to Long Time Frame #LTF we have BULLISH CHANNEL Pattern and it is Rejecting from the Upper Trend Line #UTL it can Follow Sell Trend because it Rejected the Bearish Trend with Strong Bearish Price Action
We have got ELLIOT WAVES as well in Long Time Frame #LTF it has Completed its Impulsive waves " 12345 " now it will Make Corrective waves " ABC " and Follow Sell Trend
In Shorter Time Frame #STF we have Rising Wedge we need to wait for the breakout of the Lower Trend Line #LTL and Retest then we can Enter in Sell
We have Strong Selling Divergence according to #RSI in Daily Time Frame #DTF
Time Frame - Daily
According to Long Time Frame #LTF we have BULLISH CHANNEL Pattern and it is Rejecting from the Upper Trend Line #UTL it can Follow Sell Trend because it Rejected the Bearish Trend with Strong Bearish Price Action
We have got ELLIOT WAVES as well in Long Time Frame #LTF it has Completed its Impulsive waves " 12345 " now it will Make Corrective waves " ABC " and Follow Sell Trend
In Shorter Time Frame #STF we have Rising Wedge we need to wait for the breakout of the Lower Trend Line #LTL and Retest then we can Enter in Sell
We have Strong Selling Divergence according to #RSI in Daily Time Frame #DTF