Natural Gas (NATGAS) - Long set-ups - Cycle Wave C
Natural Gas (NATGAS) has completed Cycle Wave A (dark blue) with the ABC Primary Waves (purple) Structure.
Cycle Wave B (dark blue) has unfolded as a WXY (red) Zig-Zag Pattern. Wave Y (red) is unfolding with the Minor Waves (pink) ABC Structure which is most likely going to finalize with an Ending Diagonal in C (pink).
The Ending Diagonal (green trend-line) should show increasing Bearish Volumes and the Bullish Divergence would trigger the Trend Continuation for Cycle Wave C (dark blue).
This Ending Diagonal is finalizing at the 50% Fibonacci Retracement Levels of Cycle Wave A (dark blue) and at the 100% Fibonacci Extension measurements of W-X (red) towards Y (red), Levels which posed significant Historical Price Vibration.
BUY Orders - Short, Medium & Long Term:
Aggressive Entry - 2.800
SL - 2.600
Moderate Entry - 2.700
SL - 2.400
Conservative Entry - 2.600
SL - 2.250
TP 1 - 3.500
TP 2 - 4.100
TP 3 - 5.000
Cycle Wave B (dark blue) has unfolded as a WXY (red) Zig-Zag Pattern. Wave Y (red) is unfolding with the Minor Waves (pink) ABC Structure which is most likely going to finalize with an Ending Diagonal in C (pink).
The Ending Diagonal (green trend-line) should show increasing Bearish Volumes and the Bullish Divergence would trigger the Trend Continuation for Cycle Wave C (dark blue).
This Ending Diagonal is finalizing at the 50% Fibonacci Retracement Levels of Cycle Wave A (dark blue) and at the 100% Fibonacci Extension measurements of W-X (red) towards Y (red), Levels which posed significant Historical Price Vibration.
BUY Orders - Short, Medium & Long Term:
Aggressive Entry - 2.800
SL - 2.600
Moderate Entry - 2.700
SL - 2.400
Conservative Entry - 2.600
SL - 2.250
TP 1 - 3.500
TP 2 - 4.100
TP 3 - 5.000
Trade closed: target reached