Following our last post on Natural Gas, we have now seen a breakout, suggesting the start of a larger bullish wave — a move that could last multiple years.
From a technical perspective:
- Wave 1 (5-wave impulse) is complete.
- Wave 2 (ABC correction) is also complete.
- We are now in Wave 3, which itself will form 5 subwaves.
Wave 3:
Subwave 1 of Wave 3 has formed as a leading diagonal.
We are now in Subwave 2, which typically retraces around 61.8% of Subwave 1.
Our buy zone is positioned around this retracement area, and we will be looking for a lower timeframe breakout to confirm entries.
Important note:
Subwave 2 could form a more complex ABC correction, so patience is required while it develops.
Trade Plan:
- Wait for price to reach the buy zone.
- Look for lower timeframe bullish confirmation (trendline break, BOS, structure shift, etc.).
- Enter after confirmation.
Stoploss Placement:
- Aggressive option: Below the corrective low.
- Conservative option: Below the broader invalidation level.
Targets: 8, 10, 12
See below for our last NatGas analysis:
From a technical perspective:
- Wave 1 (5-wave impulse) is complete.
- Wave 2 (ABC correction) is also complete.
- We are now in Wave 3, which itself will form 5 subwaves.
Wave 3:
Subwave 1 of Wave 3 has formed as a leading diagonal.
We are now in Subwave 2, which typically retraces around 61.8% of Subwave 1.
Our buy zone is positioned around this retracement area, and we will be looking for a lower timeframe breakout to confirm entries.
Important note:
Subwave 2 could form a more complex ABC correction, so patience is required while it develops.
Trade Plan:
- Wait for price to reach the buy zone.
- Look for lower timeframe bullish confirmation (trendline break, BOS, structure shift, etc.).
- Enter after confirmation.
Stoploss Placement:
- Aggressive option: Below the corrective low.
- Conservative option: Below the broader invalidation level.
Targets: 8, 10, 12
See below for our last NatGas analysis:
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.