NG - Bearish Harami is developing

Bearish Harami is developing on NG daily chart.

7th Mar 2017, 07.00 pm

You can see a large green bullish candle showing yesterdays price movement of NG. Last little red candle is showing today's price movement. Yesterday high was around 197 and low was around 188. Today's high low is 193 and 189 around. 

Price is gapped down today. today it opened at 193 while yesterday close was 196. This gap down opening is important aspect for creating bearish harami. Till this moment NG price is unable to move higher in respect of yesterdays green candle. This again confirm that, bearish harami is developing. 

Ng is fundamentally very sensitive to weather forecast, something like snow storm is on the cards. But is is factored in.

One can think about all this and take decision. Thank you.

Update 2, 9th Mar 2017, 11.59 am,

One of my blog reader Mrs Madhuri Yadav sent me this chart and some writing. It is very correct that, before bearish harami candles appear on the chart, there was a doji. Read what she says.

Bearish reversal patterns can form with one or more candlesticks; most require bearish confirmation. The actual reversal indicates that selling pressure overwhelmed buying pressure for one or more days, but it remains unclear whether or not sustained selling or lack of buyers will continue to push prices lower. Without confirmation, many of these patterns would be considered neutral and merely indicate a potential resistancelevel at best. Bearish confirmation means further downside follow through, such as a gap down, long black candlestick or high volume decline. Because candlestick patterns are short-term and usually effective for 1-2 weeks, bearish confirmation should come within 1-3 days.

update 3, 9th March , 12.17 pm
it is interesting to see the fight between bulls and bears. Winter season ends but still bulls are in hope that gas demand will pick up. The are taking support from weather forecast published on 7th march, which indicates some snowfall and little storm somewhere in North East America.But price action shows that any upward movement in NG price cant sustain at high, soon it tumble down. How many times this can happen ?? Or bulls are expecting new big rally is going to start? New storage season is started. 

Shorting NG is work of cool minded guy. Need lot of patience to earn from NG.
Nothing to say more, today is Thursday and there will be lot of volatility at evening because of data.
thanking you, Jay Shriram.