📉Natural Gas Three-Hour Chart Analysis: Awaiting Breakout Below 2.45 for Bearish Confirmation 🚀

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📉Natural Gas Three-Hour Chart Analysis: Awaiting Breakout Below 2.45 for Bearish Confirmation 🚀

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Ankit Jain-Official

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199 Views • Jan 19, 2024 • Click to toggle off description

🔍 In our analysis of the th ree-hour chart, we're observing a still-bullish market stance, but with a focus on the potential for a bearish shift. The key level to watch is the 2.45 breakout point, which could confirm a further downtrend. We're also examining the pattern of retracement and its implications for future market movements, along with identifying critical support levels.

📊 Key Analysis Points:

• Assessing the current bullish state on the three-hour chart and the conditions for a bearish shift.
• Identifying the 2.45 level as a crucial breakout point for confirming a downward trend.
• Analyzing the pattern of retracement and its potential impact on market direction.

📉 Trading Strategy:

• Preparing for a potential bearish scenario if the market breaks below the 2.45 level.
• Identifying the 2.4 level as a significant support zone to watch in case of further bearishness.

#ThreeHourChart #BearishConfirmation #MarketAnalysis #TradingStrategy #FinancialMarkets #InvestmentTips 📉 #naturalgas #naturalgasdailyanalysis #naturalgaspriceprediction #naturalgastrading #naturalgaslevels

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RYD date created : 2024-01-20T17:41:28.312951Z
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