Short-term trading in NaturalGas, specifically scalping, for natural gas using a 15-minute timeframe.
Timeframe: 15 minutes (meaning each candlestick or data point on the chart represents a 15-minute interval)
Direction: The expectation is for the price to move upwards.
Levels:
Upside Target: Aim to capitalize on a price increase, with a target range set at 240-241.
Invalidation Level: The suggested point at which the trade idea would be considered invalid is if the price drops below 235.5.
Reasoning:
The analysis mentions a "bearish rising wedge," suggesting that despite the current upward movement, there might be a pattern forming that could lead to a reversal. It's essential to monitor the price action closely.
Timeframe: 15 minutes (meaning each candlestick or data point on the chart represents a 15-minute interval)
Direction: The expectation is for the price to move upwards.
Levels:
Upside Target: Aim to capitalize on a price increase, with a target range set at 240-241.
Invalidation Level: The suggested point at which the trade idea would be considered invalid is if the price drops below 235.5.
Reasoning:
The analysis mentions a "bearish rising wedge," suggesting that despite the current upward movement, there might be a pattern forming that could lead to a reversal. It's essential to monitor the price action closely.