From TradingView · · 50s
NATF Reversal Area: Waiting for Confirmation
NATF price near reversal zone needs confirmation before trend shift.
In brief
NATF price near reversal zone needs confirmation before trend shift. NATF price at 316.91 may reverse if next candle confirms bullish engulfing pattern. Originally reported by TradingView.
NATF Breakdown
NATF broke below rising trendline near 380 after February-August consolidation.
Supply Move Structure
Price fell in curved accelerating structure with bending resistance at 380.
Recent Candle Pattern
Latest candle closed at 316.91 after low near 309, attempting bullish engulfing pattern.
Volume Spike
Strong volume spike of 881.89K on latest candle following heavy red volume bar.
Entry Scenarios
Early entry requires next candle confirming engulfing pattern; resistance breakout offers alternative entry.
Reversal Outlook
Price may recover toward 340-360 if next candle confirms pattern and breaks bending resistance.
The bottom line
NATF price at 316.91 may reverse if next candle confirms bullish engulfing pattern.
