cantestogo
Long

NGAS: CORRECTION BEFORE ONE MORE WAVE UP?

FX:NGAS   Natural Gas (Henry Hub)
341 2 4
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.
galapin26
2 months ago
So this is going down right?
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cantestogo galapin26
2 months ago
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.
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