Bearish Flag Hasn't Been Invalidated Yet

davidb31
2022-12-10

Gap's filled, finally. If I'm a swing trader, I'd short right here at the top of the gap. This formation has fulfilled its functions.

As before, daily there's nothing to show we're in a bull trend-the price rose but got shot down before reaching the Golden Pocket. Demand is likely to surge 1-2 Dec, then returns to bear for next week.

Can't paste charts here, but from Thanksgiving 2021 to 20 Dec 2021, the market went from 5.482 to 3.499, down by 36%.

After this Monday's gap is filled, I expect Nattie to slide to 5.3 again to make a triple bottom. A smallerbearish flaghas formed on the 4h.$Micro WTI Crude Oil - main 2301(MCLmain)$ https://www.tradingview.com/chart/NATURALGAS/uXr4ODdW-More-Bearish-Flag/

# Futures Club

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（6）

  • Top
  • Latest
  • Quantum Leap
    ·2022-12-10
    Creating alpha
    Reply
    Report
  • kktan
    ·2022-12-10
    ok
    Reply
    Report
  • Firestarter1
    ·2022-12-10
    Great
    Reply
    Report
  • Jim LEO
    ·2022-12-10
    [smile]
    Reply
    Report
  • cho__on
    ·2022-12-10
    Ok
    Reply
    Report
  • M E
    ·2022-12-10
    Good
    Reply
    Report