This is not a trade setup
I just want to analyze what i see and few months later come back and see how much it has behaved as i expected.
Price action of NGAS-0.06% was ugly and it doesnt look like a strong and standard trend but i try to count it as an impulsive 5 waves.
I think the down trend is about to finish. Now we are in the last impulsive wave which is wave 5; but this wave itself is dividing to impulsive motions.
Only break out of black trend line is a trigger for entering big trades to upside.
Update status
I just want to analyze what i see and few months later come back and see how much it has behaved as i expected.
Price action of NGAS-0.06% was ugly and it doesnt look like a strong and standard trend but i try to count it as an impulsive 5 waves.
I think the down trend is about to finish. Now we are in the last impulsive wave which is wave 5; but this wave itself is dividing to impulsive motions.
Only break out of black trend line is a trigger for entering big trades to upside.
Update status
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weekly view; note the div.
