Natural Gas more downside possible after the Triangle break (Elliott Wave Analysis)

Natural Gas : 1H : The (w)-(x)-(y) type of correction which is represented by the Green Hypo 2 looks to be in the final stages.

The retest of the b-d trendline was the indication for the upcoming down move and an early entry, the shorts were confirmed later with the move below W.b low.

Strategy : Existing shorts should hold for lower levels upto 3.639 which is also the level where W.(w) = W.(y) , once we see a reversal near that level we can look for possible long trading opportunities.

Natural Gas 14th December, 2018 onwards (Elliott Wave Count)

Natural Gas 14th December, 2018 onwards (Elliott Wave Count)


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