Pattern formation: falling wedge pattern (4 Hour)
Price executed a clean reversal from the demand zone, reclaimed key EMAs, and broke out of the falling channel — hinting at a potential trend shift on the mid-timeframe.
Possible Scenarios:
Retest near 296–298 zone may offer the best risk-reward long entries.
Targeting 308 - 314 - 320 (+6.3%) from the breakout zone.
#CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it's bullish?
Price executed a clean reversal from the demand zone, reclaimed key EMAs, and broke out of the falling channel — hinting at a potential trend shift on the mid-timeframe.
- ✅ Support zone held strong near 270–280
- ✅ Breakout of falling wedge/channel
- ✅ Reclaim above 25 & 55 EMA
- ✅ Bullish structure with clean HH-HL formation
- ✅ Momentum building with volume confirmation
Possible Scenarios:
Retest near 296–298 zone may offer the best risk-reward long entries.
Targeting 308 - 314 - 320 (+6.3%) from the breakout zone.
#CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it's bullish?
Trade active
Naturalgas trade is activeTrade closed: target reached
Natural Gas has hit a high of 312 as projected, completing the first leg of the bullish structure.🔼 Next Move?
I’ll only look for fresh longs above 312 with sustained price action above 314, which would open up the path toward 320 next target.
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.
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.