NGASUSD (Natural Gas) - Short Term SELL - Long Term BUY
NGASUSD (natural Gas) is preparing to finalize the Cycle Wave B (dark blue).
This Corrective Cycle is ending with Intermediate Wave (C) (red), with Minor Wave C (pink) and Minute Wave V (black).
Fibonacci Extensions from Intermediate A&B (red) and Minor A&B (pink) are confirming that the 150-161.8% Values will pose as Major Support Lines, as they are pointing out towards the 61.8% Fibonacci Retracements of Cycle Wave A (dark blue).
Minute Wave V (black) still needs to complete, which makes NGASUSD (Natural Gas) a Short Term SELL until Cycle B (dark blue) is completed.
Set-ups, Limit Orders & Levels:
SELL:
Entry - 2.720
SL - 2.800
TP - 2.470
BUY:
Entries:
Moderate - 2.470
SL - 2.400
TP - 3.100
Conservative - 2.400
SL - 2.300
TP - 3.600
This Corrective Cycle is ending with Intermediate Wave (C) (red), with Minor Wave C (pink) and Minute Wave V (black).
Fibonacci Extensions from Intermediate A&B (red) and Minor A&B (pink) are confirming that the 150-161.8% Values will pose as Major Support Lines, as they are pointing out towards the 61.8% Fibonacci Retracements of Cycle Wave A (dark blue).
Minute Wave V (black) still needs to complete, which makes NGASUSD (Natural Gas) a Short Term SELL until Cycle B (dark blue) is completed.
Set-ups, Limit Orders & Levels:
SELL:
Entry - 2.720
SL - 2.800
TP - 2.470
BUY:
Entries:
Moderate - 2.470
SL - 2.400
TP - 3.100
Conservative - 2.400
SL - 2.300
TP - 3.600
Trade closed: target reached