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).
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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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.
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If NG breaks out from here I'm viewing today's action as an expanded flat.
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