cfetrader
Long

Major NatGas Rebound

FX:NGAS   Natural Gas (Henry Hub)
22 2 3
An examination of the Natural Gas             weekly chart reveals that the EW corrective pattern appears to be complete. The ultimate long awaited by the majority of analysts target of 2 has been achieved. What most likely follows is a 38.2% Fibonacci retracement towards the value of 3.663.
The 4 hour chart rebound details are presented below:

snapshot
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cfetrader cfetrader
PS: The ( a-b-c-d-e ) numbering in the 4hour chart is part of the ( z.c ) wave of the weekly.
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