Outlook for Natural Gas on 1D chart.
I think we are on sub-wave (b) of wave B.
Sub-wave (b) may be pulled back to sub-wave (a)'s Fibo level 78.6 to 90% or it may already be completed too.
If the assumption of this scenario is correct, Sub-wave(b) will be completed soon, and Sub-wave (c) will be started.
Sub-waves of wave (c) will form a five-wave Impulse or Diagonal.
I think we are on sub-wave (b) of wave B.
Sub-wave (b) may be pulled back to sub-wave (a)'s Fibo level 78.6 to 90% or it may already be completed too.
If the assumption of this scenario is correct, Sub-wave(b) will be completed soon, and Sub-wave (c) will be started.
Sub-waves of wave (c) will form a five-wave Impulse or Diagonal.