NAtGas - Buying before 9/11
Updated
We had our convincing bounce from the lower trendline near to the 400 SMA.
I was close to call the bottom a few days ago. But it's still not ready yet.
The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA.
We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate low is almost always strong, price should not hesitate to break the trendline or the 200 SMA.
After Friday's close it seems we are attacking the lower trendline again.
The plan is the same as it was in the previous idea. The difference is the time frame: we need to buy before 9.11.
The cycle cannot stretch longer than that date.
The plan is to Buy between 2.73 and 2.5$.
I still would like to see the RSI and SlowStoch become oversold extremely . And we still mustn't break below 2.387$ ( the previous ICL).
I modified a little bit the lower trendline : the last drop was just a false breakdown.
I was close to call the bottom a few days ago. But it's still not ready yet.
The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA.
We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate low is almost always strong, price should not hesitate to break the trendline or the 200 SMA.
After Friday's close it seems we are attacking the lower trendline again.
The plan is the same as it was in the previous idea. The difference is the time frame: we need to buy before 9.11.
The cycle cannot stretch longer than that date.
The plan is to Buy between 2.73 and 2.5$.
I still would like to see the RSI and SlowStoch become oversold extremely . And we still mustn't break below 2.387$ ( the previous ICL).
I modified a little bit the lower trendline : the last drop was just a false breakdown.
Note
The party is starting.Note
It's clearly breaking out today.10.09. was the date when it was a buy. Just as the title said: buying before 09.11.
Unbelievable who cycles are working here...
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