Natural Gas: The Bears Have The Price Control-Textbook Example

2023년 8월 16일

Natural Gas: The Bears Have The Price Control

Since the previous analysis of the price, we saw that the price faced a very strong resistance near $3.05 and it moved down very quickly this time.

On a daily time frame, NG looks like it has room to move down even more.

On a lower time frame, the price created a 5-wave movement and 3-wave correction.

it looks like we are in a textbook example and the chances are that NG may move down for the A wave or 3rd Elliot wave.

The maximum I am watching this time is 2.2

You may find more details in the video!

Thank you and Good Luck!

2023년 8월 16일

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