elliott-wave-analysis
Long

ngas High probability for flat is expanded to 2.800

FX:NGAS   Natural Gas (Henry Hub)
607 5 20
ngas High probability for flat is expanded to 2.800
DinDin
9 months ago
macd is positive for long
+1 Reply
Hi. I belive there is a problem with your wave count even it looks valid. As I see after 5 wave finished you expect a correction patternt. If I am not wrong, that means you expect a new 5 wave to down, but there is no room for this. I mean, if the price go down another 5 wave, NGAS price will be below zero or almost zero, and it will be only 3th wave in big picture. Based on this explanation, I can see here 2 options. (1) The deep at 1.686, which is your 5th wave complition, should be 3th wave complition somehow. (2) We can expect a consolidation before trend change rather then a correction pattern. Here is much more historical data: http://www.infomine.com/investment/metal-prices/natural-gas/all/ You cannot see in this chart but price dropped from almost 15, which was first wave. Huge drop from 13 to 3 was 3th wave, and then there is an expanded flat, and then 5th wave.
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elliott-wave-analysis bulent_akgul
5 months ago
on the graph of tradingview you are right that there is no the historical information.In my opinion there is a reversal of trend but hard to tell in certainty ..thank for your wise comment make me wonder .....but steel reach target ( :
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aibek
5 months ago
excellent!
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elliott-wave-analysis aibek
5 months ago
thanks you
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