🔥 Natural gas will rise in price three times 🥶

3 nov 2021

●● Preferred count
● NATURALGAS (Currency.com) 🕐TF:1W


Globally, the price of natural gas is driven by the third wave of the Grand Supercycle, within which the final wave (V) is developing. Wave (IV) that preceded it took the shape of a w-x-y double zigzag, although one should not exclude further complication before a sideways correction.

● NATGASUSD (NATGASUSD)🕐TF:1D


Behind the most powerful part of the wave ① of I — Third of a Third — 3 of (3), on the horizon — a less rapid growth in the fifth waves, followed by a series of downward corrections.

● NATGASUSD (NATGASUSD)🕐TF:4h


A correction by wave 4 is expected in the form of an expanded flat, the target for which may be the area of the previous fourth.

● NATGASUSD (NATGASUSD)🕐TF:2h


Wave ⓒ of 4, presumably, is unfolding the ending diagonal.

●● Alternative count
● NATGASUSD (NATGASUSD)🕐TF:2h


As an alternative count — wave 4 of (3) is a running contracting triangle. This interpretation implies the resumption of growth within wave 5 from the current levels.

Long position under the conditions of the implementation of the main scenario seems to me less risky, but the alternative count also offers good opportunities for long at current prices.