Tag Archive for: horizontal neckline

Is it a massive Natural Gas Head Shoulders bottom - Factor trading - Peter Brandt

Is it a massive Natural Gas Head & Shoulders bottom?

Is it a massive Natural Gas Head & Shoulders bottom?

I last covered the Natural Gas market within the public blog back on June 20th, with the post "Natural Gas Rising".  Natural Gas posted a 21-year price low in Mar 2016 and the bottom took the form of a 7-month Natural Gas Head & Shoulders bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern within the Factor member Updates (See here for details on the Factor Service).
 
Natural Gas Head & Shoulders - Monthly chart - Factor Trading
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Natural Gas — A massive H&S bottom?

Natural Gas posted a 21-year price low in Mar 2016, as shown below on the quarterly graph. 1The bottom took the form of a 7-month H&S bottom on the daily and weekly charts. The target of this H&S at 2.934 was quickly met on Jun 29. The Factor participated in this H&S pattern in its proprietary account and discussed the pattern in the Factor Update.
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