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We are together on this trade, the 24 hours trading volume is interesting, I believe it will make a nice price trend. -
Fits in well with my cycle low expectation -
By tradinglounge · Posted
Natural Gas Mode - Impulsive Structure - Impulse Wave Position - Wave (iii) of 5 Direction - Wave (iii) of 5 still in play Details: Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse. Natural Gas is currently breaching the previous April low, marking a decisive move as the impulse initiated on 5th March continues its downward trajectory, further extending the overarching impulse wave sequence that commenced back in August 2022. This decline is anticipated to persist as long as the price remains below the critical resistance level of 2.012. Zooming in on the daily chart, we observe the medium-term impulse wave originating from August 2022, which is persisting in its downward trend after completing its 4th wave - delineated as primary wave 4 in blue (circled) - at 3.666 in October 2023. Presently, the 5th wave, identified as primary blue wave 5, is underway, manifesting as an impulse at the intermediate degree in red. It is envisaged that the price will breach the February 2024 low of 1.533 as wave 5 of (3) seeks culmination before an anticipated rebound in wave (4). This confluence of price movements underscores the bearish sentiment prevailing over Natural Gas in the medium term. Analyzing the H4 chart, we initiated the impulse wave count for wave (3) from the level of 2.012, which marks the termination point of wave 4. Notably, price action formed a 1-2-1-2 structure, with confirmation established at 1.65 and invalidation set at 2.012. The confirmation of our anticipated direction materialized as price breached the 1.65 mark, signifying a resumption of bearish momentum. Presently, there appears to be minimal resistance hindering the bears, thereby reinstating their dominance in the market. It is projected that wave iii of (iii) of 5 will manifest around 1.43, indicative of the potential for the wave 5 low to extend to 1.3 or even lower. This comprehensive analysis underscores the prevailing bearish outlook for Natural Gas in the immediate future. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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Guest EA-trader
I was banned, as a customer of IG with a trading account going over many years.I have never sold anything on forums, I never will.Advertising on I G forums is prohibited, to pass this rule, links are posted to sites, under the disguise of teaching/educating /I G customers.At the site linked on I G forum, paid education and courses is being offered to I G customers.Many I G customers are highly intelligent people, they are observing charlatan behaviour on the forum, it is important these links to other paid sites are not posted here.
Forums are marketing sites,where everyone gathers to market their waes,directly or indirectly, subliminally and intentionally to lead I G clients to their own forum sites, where rebates are offered to the poster of the links.
I am now going to post the posts where the forum is being misused, for indirectly advertising sites that sell education,trading courses and other merchandise.Like minded traders don't come to IG forum,to have their time wasted by links to other sites selling education etc.If a poster can not post any original stuff from their own charts, they should refrain from from copying and pasting .copyright material from other sites, under the pretence of educating IG customers.I G customers like myself do not to visit these links and only to find an educational course being offered, for a price..
I post my own original charts and do not post links to internet marketeers.I develop my own EAS, I post my own charts and their performance.
Casey has been posting links to many paid sites, where money is being asked for services, it constitutes advertising for rebates or direct benefits. We don't know who owns these sites, if it is Casey or his friends, we will never tell.I G do not want a situation, where a client is scammed on these sites, as a result of these links posted.I have many cases, where clients have had thousands of dollars lost on internet scammers and forums scamming.
All the forums have had their own scams.Ig customers should be careful of internet scammers.
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