Natural Gas: The Bears Have The Price Control-Textbook Example
Natural Gas: The Bears Have The Price Control
Since the previous analysis of the price, we saw that the price faced a very strong resistance near $3.05 and it moved down very quickly this time.
On a daily time frame, NG looks like it has room to move down even more.
On a lower time frame, the price created a 5-wave movement and 3-wave correction.
it looks like we are in a textbook example and the chances are that NG may move down for the A wave or 3rd Elliot wave.
The maximum I am watching this time is 2.2
You may find more details in the video!
Thank you and Good Luck!
Since the previous analysis of the price, we saw that the price faced a very strong resistance near $3.05 and it moved down very quickly this time.
On a daily time frame, NG looks like it has room to move down even more.
On a lower time frame, the price created a 5-wave movement and 3-wave correction.
it looks like we are in a textbook example and the chances are that NG may move down for the A wave or 3rd Elliot wave.
The maximum I am watching this time is 2.2
You may find more details in the video!
Thank you and Good Luck!
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Previous analysis:
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