ForexCollege

Natural Gas head and shoulder tentative

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PEPPERSTONE:NATGAS   Natural Gas (Spot)
Here we have a *tentative* head and shoulder pattern, with the price hovering around the neckline. A head and shoulder pattern generally creates a triangle pattern between the head and right shoulder, and as we know with a triangle is that we can anticipate breakouts or breakdowns, triangles patterns are not only continuation patterns. Always anticipate all possible moves the price can make. Take note that the Russia/Ukraine war has a major impact on supply and demand, trading is based on the laws of supply and demand. On lower time frames the price might be traded with in the triangle pattern.

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