Potential Diamond Bottom in NatGas?The price action is fitting the majority of the description of a diamond bottom. Though, Diamond bottoms are harder to spot than a penny in the mud.
Diamondbottom
$NYT diamond bottom - could really see a nice move if it gets goTop watch. $NYT in a diamond bottom pattern on weekly.
Bullish divergences on both RSI and MACD.
Hanging man candle is noted, but just broke above 200 dma and is above all weekly ma's.
Analysis Natural Gas ( Henry Hub) - 17/12/2015
Diamond bottom at fibonacci extension 1.618, need to monitor price action at this price zone
Today-Target: 1201: BreakOut Diamond-Bottom + Ichimoku-Cloud Today-Target: 1201:
- BreakOut Diamond-Bottom
- Break-Out Ichimoku-Cloud
- EMA7 BLUE cross-over SMA50 RED
- SMA20 GREEN cross-over SMA50 RED
- BB-Band cross-over Ichimoku-Cloud
