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Treda_pro
Oct 17, 2023 6:42 PM

Natural Gas - Elliott Wave Count Update Long

US Natural Gas (Spot) (XNGUSD)FXOpen

Description

Natural Gas - Elliott Wave Count

this is an update to the previous view.

Today, the market reached a new low after a few consecutive days of decline. The current reversal appears to be the start of wave C of 4. However, it is best not to rush into buying at this moment. We can anticipate another low after the completion of wave 4, which will be an excellent opportunity to buy for a significant gain.

Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.

CAPITALCOM:NATURALGAS MCX:NATURALGAS1! FOREXCOM:NATURALGASCFD PEPPERSTONE:NATGAS CITYINDEX:NATURALGASCFD MOEX:NG1! NYMEX:NG1! VANTAGE:NG

Comment

markets seem very bearish and weekly charts also become bearish now.... so wait for a good reversal to take trade according to this view. don't rush to buy.
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