wolffarchitecture

NG1! Reloading time may be approaching

NYMEX:NG1!   Natural Gas Futures
(BG) GAS appears to be nearing the completion of a large flat A-B-C structure. monitoring for long setups. Looking for an RSI divergence and a low below 5.35 then start collecting/building small positions. The 5.00/4.65, .618 fib, and major yellow trendline price should provide support for a bounce. If count is off by a wave It could bounce before then so keep monitoring using your own due dill. obviously a break below the trendline would be bearish and expect a retest of the trendline before continuing lower

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