Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

NATURAL GAS Analysis & Trading Plan - 29 August 2024 #forex #trading #forexsignals #fyp #shorts

29 Aug 2024 · 1 min

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Vladimir Ribakov analyzes natural gas across multiple timeframes and recommends a short-term sell. The daily and 4-hour charts show bearish divergences with broken support lines, while the 1-hour chart displays three consecutive lower highs and lower lows, confirming bearish momentum.

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Here is why I believe the natural gas is a short-term sell. The daily chart, after a bearish divergence— higher highs on the chart, lower highs on the MACD— breaks below the most recent rising supportive line. The 4-hour chart follows the same path exactly: bearish divergence, higher highs on the chart, lower highs on the MACD, and breaks below the recent rising supportive line. Recent trend line. The one-hour chart makes classical price actions: three lower highs, lower lows, bearish momentum. There is some bullish divergence on the one-hour chart right now, which causes these pullbacks. But as long as these key Fibonacci levels hold, for me, natural gas is a short-term sell.