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ElliottWaveBelgium

NAT GAS - Sideways move coming to an end - looking to upside !

Long
Natural Gas (Henry Hub) (FX:NGAS)  
ElliottWaveBelgium Updated   
FX:NGAS   Natural Gas (Henry Hub)
Trend Analysis Beyond Technical Analysis Wave Analysis NGAS Natural Gas GAS LONG riskreward
6
0
trendanalysis beyondta waveanalysis ngas naturalgas gas long riskreward
Looks like this Triangle is coming to an end as price is in the support zone of wave ((e)) of wave 4.

So, we should see a bounce towards 5.20 and higher for wave 5.
A break above 4.76 is a good confirmation of bullish move.

Invalidation level is at 3.98

R/R > 1/3 !
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Comment:
This alternate count suggests we might see one more leg lower before going up.
snapshot
Comment:
Price is coming a bit to deep ... the alternate count starting to become more relevant
Comment:
Alt count played out, with price falling fast.
We should start see some exhaustion from now on.
snapshot
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