FX:NGAS Natural Gas (Henry Hub)
NGAS is in a strong uptrend. Now it seems in a corrective phase but i'm expecting one more wave up. Pay attention to the level posted on chart. A strong rejection in that area could be the starting point of a huge correction.
It is in a critical level, it has completed a 3 drive pattern, there is a bearish divergence, but in the meantime it has broken the daily downward channel. So the questions are: 1)is it topping on the rising wedge and it's going for a deeper correction? 2) Is it a confirmed breakout to the upside so it's making a small correction for one more wave up? We should look to the price action in this area.