4HS Bearish Scenario + Trade idea on NATGAS by ThinkingAntsOk
Main Items we can see on the chart:
a) The price has broken a major support zone
b) Before that happened we observed a consolidation of 150 days
c) Now we can see a bearish breakout and this is the way we will trade it
d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting
e) If the pullback happens we will set orders below the structure and our Target will be the 2nd support zone.
a) The price has broken a major support zone
b) Before that happened we observed a consolidation of 150 days
c) Now we can see a bearish breakout and this is the way we will trade it
d) Based on the previous scenario we had a breakout and then a pullback, that's the same logic of what we will be waiting
e) If the pullback happens we will set orders below the structure and our Target will be the 2nd support zone.