Natural Gas Futures (Continuous futures contract)BlackBull Markets
Description
⋅
Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
So do you think this impulsive wave is going to go all the way up to $6 with minor corrections in between, or do you see it going back to $1.5 and below! many thanks in advance
I am pleased to inform you that the first goal has been accomplished. Currently, two potential scenarios are likely to occur, the first of which follows the pattern of 1.2 and 1.2. The market is expected to mature when the price accelerates like a third wave in the bullish scenario. However, there is also a possibility of a downward scenario, which may be a corrective pattern to a greater extent, and the wave's advancement is between 100% and 161.8% of the first wave.
Thank you for your comment, and I apologize for the delay. Good luck!