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RK_Charts
Aug 17, 2022 1:12 PM

NATURALGAS ELLIOT WAVE COUNTS Short

Natural Gas FuturesMOEX

Description

NATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A.


Negative divergence in both rsi and macd on hourly time frame


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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Trade closed: stop reached

Sell trade stop loss hit, when trendline breakdown candle's high gone on hourly chart. stop loss hit was triggered on 22 august candle of time 12.30.
Comments
angu012d
can we go short around 750 if comes
RK_Charts
@angu012d, it's Buy on dips.
angu012d
thanks
angu012d
@RK_Charts perfect
angu012d
sir any guidance from your end
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