Corrective phase of a huge impulsive phase on weekly TF. Impulsive waves on lower TFs like 4hr or 1hr. Break of purple channel is a trigger for going short to catch wave 3 of A.
Natural Gas after a large correction gave a fast 5 wave up rally towards 2.48 levels and since then has been correcting again. The correction has been in 3 waves which is complete or about to complete and we might see a new rally upwards from here which would either be a Wave C or Wave 3 and in both cases would go up. Therefore, one can go Buy Natural Gas now with...
70,7 potential ((1)) wave and 127,2 % of A, with outsidebar and demand level. Heading for dynamic 3rd possible soon..