Natural Gas (XNGUSD, NATGAS)
Short
Aggiornato

Natural Gas: The Bears Have The Price Control-Textbook Example

882
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!
Nota
Previous analysis:
Natural Gas: Near A Breaking Point

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.