NYMEX:NG1!   Natural Gas Futures
72 3 2
Missed this rally. Saw the possibility but didn't like the probability.
Trade ideas: A corrective pullback in wave (ii) holding support would be an aggressive entry. An impulsive i-ii setup off the (ii) is safer ( better defined stop). Taking out the presumed coming wave (i) high is safest with stop below wave (ii).
If NG breaks out from here I'm viewing today's action as an expanded flat.
Appears I didn't quite draw my wave (ii) box long enough. Hey, this isn't a timing system. Watching for some sign of bullish reversal here.
Holding a corrective retrace here and taking out the 2.94 high could be *very* bullish. Will refine the targets for wave (iii) and (v) after wave (ii) completion is confirmed.
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