Was keeping an eye on NATGAS and I saw the price forming an ending structure inside a channel. The price is in a big downtrend for a while now, but I am expecting the price to give us some green signs soon.
We may drop a bit more towards an important Daily demand area which will also act as a stop hunt move from the big boys. In this regard, I will be focusing on the buys instead of sells.
I am expecting the price to reach that area and then reverse. If we start going up and we get a breakout followed by a pullback, I am anticipating a high chance of moving up, at least for a correction in the bigger scale.
My first area to watch if we start going up is the first 4H supply zone highlighted on the chart.
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