LNG Trading/Charting discussions, page-521

Hi Prowiz & great Martis
Totally agreed with both of your predictions. I'm on the same page, looking for the final leg of capitulation which should happen tomorrow.

I'm waiting for a gap down, followed by a rush of sellers and stop loss with a V reversal. Should happen in the first 30mins.

I will also wait for the pull back from the initial V as it will try to retest the day's low. Put your buy a few pips above the lowest SP.

Looking at a touch around $2.20 mark before resuming up. RSI getting into the oversold territory.

Once the SP past the day's open, all technical buying will come back. Wait for a few days of consolidation and hopefully we can settle back around $2.90 before moving higher.


cheers
pcyc