Use this as a guide to develop your own setup
Main items we can see on the 4hs chart:
a)The price is against a Weekly resistance zone
b)We saw a clear rejection of that level
c)On MACD we can see a bearish Divergence showing the weakness of the current bullish movement
d)The current ascending trendline was broken
e)We will wait for an ABC pattern o something similar, the objective is to have a consolidation on the shown area
f)If that structure is made we will consider it as a clear Zone to short NATGAS towards the Main trendline of the bullish movement
Check the Higher timeframe analysis to make more sense of the 4hs chart
WEEKLY CHART:
DAILY CHART:
Main items we can see on the 4hs chart:
a)The price is against a Weekly resistance zone
b)We saw a clear rejection of that level
c)On MACD we can see a bearish Divergence showing the weakness of the current bullish movement
d)The current ascending trendline was broken
e)We will wait for an ABC pattern o something similar, the objective is to have a consolidation on the shown area
f)If that structure is made we will consider it as a clear Zone to short NATGAS towards the Main trendline of the bullish movement
Check the Higher timeframe analysis to make more sense of the 4hs chart
WEEKLY CHART:
DAILY CHART: