NATURAL GAS H4 UPDATE - Price Has Closed Above S/RIn my previous analysis I said that if price was able to close below the lower S/R seen in the picture I would go long.
Price has closed strongly above and continued to move up.
Price is continuously forming higher highs and higher lows.
Risk to reward is still good at 2-3 if you were to enter now.
Target is upper S/R level at 2.70~
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NATGASUSD - H&S Pattern Idea If you look at the past 4-5 strong reversals, they have almost ALL been H&S reversals. I'm going to go ahead and throw this out there!
November is approaching quickly, and is a month where these prices tend to spike. Not always, but likely.
Price might go down to 2.13-2.15 area and back to neckline. RSI divergence on H1 plot.
If it breaks this, next strong levels are 2.0 and 1.8 based on fibonacci and past supports.
Just an idea -