Gas should still go up

NYMEX:HH1!   Natural Gas LDay (F)
178 0 0
As you can see, we have an up side impulse here in the natural gas             chart, with a 5th wave developing right now, and if you look carefully, because the movements in the wave (1) we can assume that the wave is extending its 3rd wave as well.
The last down bar should then be (at least part of) the 4th wave of wave (3) and therefore afther a new high, should come a new pullback but the odds are in favour that this won't be so far from the end of the actual downside movement, and then should rise again.
If despite the extension in the wave ((5)) that we are counting here the most extended wave ends to be the 3rd as usual, then the objectives are above 4.458 and more probable 4.8
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out