cjprange
Short

I remember November 2016

NYMEX:NG1!   Natural Gas Futures
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6
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should head below August lows
Comment: close up view natgasusd
Comment: below support box idea will have to be modified to include a top already in place
Comment: so far so good
Comment: going to take a bit longer after all
Comment: odds are greatly increasing we break down here
Comment: if we see a clear 5 waves down before a new high, then focus will shift to adding shorts on a retrace (see green alternative count) - this move could extend lower before retracing
Comment: still expecting one more high
Comment: still on track, tricky with inventory report today
Comment: looking like a corrective drop so far, may be a good idea to hedge shorts or take profits
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