 Hello Skano people my name is Mark and I like to day trade swing trade all that that sort of stuff or at least make an attempt to And I share it usually on a daily basis just to kind of hold myself account born and share what my thoughts are and that sort of thing And so today or just now And excuse the fluorescent t-shirt right I just got back from the gym So I thought I'd make this video before I go to bed but I thought I'd just pick up some natural gas right before I hit the hay so I thought I'd just talk about why What kind of pattern I'm seeing that's kind of encouraged me to To get involved and then if you kind of see a benefit in that and that's great If not, then that's fine You know, it's a great thing about the world rule and title to our own opinions and that sort of stuff But if you find it helpful, that's cool Then you can you know like the video subscribe check out other videos that are very similar And I say if not that's perfectly fine as well. So Let's start off have a look so we're on the four hourly chart here, right? And so the first thing That I'll take note of is it's broken above this 180 SMA here and also if you're not familiar with any terms at all. There's a link in the Description that's got a playlist and I break down all the indicators I use and why I use them and that sort of thing so Yeah, so it's broken above the SMA here, right and you can see that it's it's kind of tested the SMA here broke below it belief briefly Solidated pushed up down here Come close to SMA pushed up Right, so that's good You can see I've drawn in this resistance here So resistance that I'm seeing anyway at this two eight four six five level Which is where it previously hit and if you notice Can you see that it's on kind of an ascended staircase pattern? So what I mean by that is once it's had this kind of briefed down trend here for for a couple of days Right if we look here, it's making higher highs and higher lows, right? So if we just let me just draw that line in for you real quick, right? So if we connect the dots here Can you see that how it's making? Higher highs higher lows and then Connect the dots at the top here as well You just go from here and it's making higher highs, right? So that is an ascending pattern. So With that being said what I would expect it to do from here is Continue to push up and also if you if you struggle in to see this, right? So if you're struggling to see it with the candles this kind of as higher highs higher lows pattern If you just get rid of the candles and kind of take away the noise a little bit, right? And just look at the EMA right the this green line here Yeah, can you see how? That that pattern is right so we've got the bottom here and then you get the high drop down, right? And then the higher high higher low and then push up and then look where we are now, right? And this is where we bought in okay, so I hope that makes sense So we bought in here. It's broken above the EMA It's pulled back tested EMA validated it and grown again, right? So we would expect it to push up based on previous patterns. I hope so I hope that makes sense Look at the RSI the RSI slightly pointing up Potentially close to oversold right so we need to be careful that the MACD is curving in for a buy as well Not peaked out just yet as well. You look if you look at the RSI usually peaks out at around this kind of 0.57 and 0.34 at the minute, so That's also good, right? So hold above the SMA broken above the EMA So I bought in I've set my stop loss just below the previous low candle So I think it's like two seven eight four four I've said it because that would be a break of pattern, right? So that's important So if you're gonna say stop losses, you need to set your stop losses for when there's a break of pattern If you look at a lot of people so far as they got losses that they're just holding on to For me, that doesn't doesn't make any sense or I'll just come and move on So once there's a break of pattern, I'm not interested anymore, right? Because then that that means it could continue to descend all the way down here and we're not interested in that So as long as it holds this pattern, right? I'll probably be conservative take try and take profit Around this level here, right? So previous size even though I would expect it to potentially Move up to maybe this level here. If we if we if it continues this kind of uptrend pattern that is seeing Yeah, so that's my general feel on natural gas Looking good at the minute as I say above the SMA broken by the year may RSI is pointing out MacD's curving in nice ascending pattern So, yeah, that's good. So fingers crossed as I say, this is obviously be in the daily update I'll do the daily update tomorrow morning If you if you look forward to them, that's an update for you Looks good here on the surface, but there's a couple of things I need to touch on So trace it we close out in the red as well, which obviously aren't represented here and in the profit and that sort of thing So yeah, but Apple's looking good, but this isn't about Apple. It's about natural gas So I'll do a separate video on that as well. So sorry from that. I hope it was helpful. Thank you for watching and Check out some other videos. We found it helpful. Peace out catching a bit guys