Trade setup in Natural Gas
There is a Trade setup in Natural Gas Futures. On 15 mins chart, there is a Diamond Pattern formed. This can act as a reversal or continuation pattern.
But since at the top pullbacks are strong (red bars), It might work as a reversal pattern. This will be contra trade if price breaks the Diamond pattern with a strong reversal red bar because Trend is still up in the shorter time frame.
Below is the Chart for your reference.
The above views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication of future returns.
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