NATGAS - Catch The Impulse!As Wave Traders, our job is to spot corrections and catch the impulse, because that’s where the biggest moves happen.
On NATGAS, we completed Wave 1 with a leading diagonal, and are now finishing Wave 2 (an ABC correction). Once corrections are done, the next phase is Wave 3 - historically the longest and strongest wave in Elliott Wave Theory.
We've almost completed wave 2 and looking for a breakout for wave 3, which is the longest wave.
Trade Idea:
- Watch for break of the red trendline to indicate the start of wave 3
- enter with stops below breakout or below invalidation
- Targets: 5, 10, 13
NATGAS 12H Chart:
We'll be looking to enter on break of the red trendline with stops below breakout.
This setup is a textbook example of how Elliott Wave helps us prepare - not chase - the market.
Goodluck and as always, trade safe!
