The previous idea played out well — price hit the first long target cleanly and came just short of the second target, which was 3.4501
📍 Current outlook:
I've updated the ascending channel based on the new pivot points.
If we see a strong buy reaction from the 3.3575 level, I’ll expect to complete the move to 3.4501, and the next goal will be the upper boundary of the channel.
However, if price closes below 3.3585, we may be seeing the beginning of a range formation, with downside potential toward the 3.2556 support zone.
#TechnicalAnalysis #DayTrading #VSA #NG #HenryHub #NaturalGas #FuturesTrading #VolumeSpreadAnalysis
📍 Current outlook:
I've updated the ascending channel based on the new pivot points.
If we see a strong buy reaction from the 3.3575 level, I’ll expect to complete the move to 3.4501, and the next goal will be the upper boundary of the channel.
However, if price closes below 3.3585, we may be seeing the beginning of a range formation, with downside potential toward the 3.2556 support zone.
#TechnicalAnalysis #DayTrading #VSA #NG #HenryHub #NaturalGas #FuturesTrading #VolumeSpreadAnalysis
Dagangan aktif
There's a typo in the paragraph"However, if price closes below 3.3585, we may be seeing the beginning of a range formation, with downside potential toward the 3.2556 support zone."
— meant 3.3575, not 3.3585 (sorry)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.