---

[𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗣𝗟𝗔𝗬]

STOCK: #NATURALGAS

DATE: 4th October, 2024

TRADE LOGIC: False Breakout (FB) Trap + SMI Indicator confirmation along with volume

Indicators used:

1. Volume. Added MA to see the average volume

2. SMI Ergodic Indicator [Long:15, Short:12, Signal:15]

𝗧𝗥𝗔𝗗𝗘 𝗦𝗨𝗠𝗠𝗔𝗥𝗬:

Natural Gas was moving upwards slowly taking rejection from Upper Trendline. It made a breakout but failed to sustain creating a FB TRAP of new buyers. SMI Indicator also suggested a bearish move once the SMI line (blue) crossed Signal line (orange) from up to downward direction. Once the price crossed the day low, trade initiated on a small pullback with a Stoploss of previous candle high.

𝗧𝗥𝗔𝗗𝗘 𝗥𝗘𝗦𝗨𝗟𝗧𝗦:

Natural Gas given a good selling pressure from 249.2 to 239.4 (3.9%).

Good trade captured with a RR ratio- 1:3.5

𝗡𝗢𝗧𝗘: This is only for Educational Purpose and no further Trading recommendations on this stock. Indicators are just a confirmation for your direction but the actual movement depends on various factors. Please manage your Risk Reward Ratio to grow your wealth.

#𝙀𝙖𝙧𝙣𝙞𝙣𝙜_𝙣𝙚𝙚𝙙𝙨_𝙇𝙚𝙖𝙧𝙣𝙞𝙣𝙜

𝙁𝙤𝙡𝙡𝙤𝙬 𝙛𝙤𝙧 𝙢𝙤𝙧𝙚