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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (73962)	1/22/2020 2:48:27 PM
From: Goose94	Read Replies (1) \| Respond to of 205724

Nat-Gas: is in a strong downtrend on the Monthly, Weekly and Daily timeframes. It has recently broken down through significant support at 2,100. We are waiting for a retracement back up to re-test this same level, ideally producing a small bearish rejection candle at or around this level. We have two valid options for stop-loss placement, either just above the high of the aforementioned candle (and technical support/resistance level), or behind the prior swing-high at 2,260 (both highlighted in red above). Our entry will then be on the break below the low of this future candlestick. It is also a possibility that price may complete a shallower retracement back into the moving averages, where a similar entry setup may occur. rjofutures.rjobrien.com