Takeaway
The presenter argues that Natural Gas is primed for a continuation move higher after completing a breakout-and-pullback into the 50% and 38.2% Fibonacci retracement levels. The technical structure points toward an extension move into higher Fibonacci targets, with the 1.618 extension lining up directly with a major overhead resistance band between 3.3343 and 3.3985.
What the presenter said
- [00:04] Natural Gas pulled back and tapped the 50% and 38.2% Fibonacci retracement levels.
- [00:09] The presenter highlights that aggressive traders track this structure, though he frames this setup for observation.
- [00:20] Standard behavior following a breakout and a 50% or 38.2% retracement is an expansion toward the 78.6%, 1.0, and 1.618 Fibonacci extension levels.
- [00:33] A clear rejection was observed immediately after price touched the 50% Fibonacci level.
- [00:38] There is a strong likelihood of price advancing to test the 78.6%, 1.0, and 1.618 Fibonacci levels.
- [00:42] The 1.618 extension level aligns directly with the next major overhead resistance zone situated between 3.3343 and 3.3985.
- [01:09] The presenter notes that the "breakout Fibonacci aggressive pullback strategy" remains technically valid and active.
Trade ideas
None stated. The presenter did not outline a formal trade execution plan (entry, stop-loss, or horizon) and advised observing the setup, though his broader market bias remains bullish toward higher resistance targets.
Levels and data cited
- 3.1109: 0.382 Fibonacci level
- 3.1335: 0.500 Fibonacci level (tested with rejection)
- 3.1561: 0.618 Fibonacci level
- 3.1883: 0.786 Fibonacci upside target
- 3.2293: 1.000 Fibonacci upside target
- 3.3477: 1.618 Fibonacci upside target
- 3.3343 – 3.3985: Next major resistance zone (confluent with the 1.618 extension)