Natural Gas-Completed wave (b) now (C) to 16 ?
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Market Commentary:
1. From the low 1.529 to the high 9.650 is a expanding leading diagonal as shown in the chart.
2. Once the 5 waves completed there is a huge aggressive drop now in 3 waves @ 3.485 yesterday's low.
3. The intermediate wave b) is in the form of triangle and C wave is aggressive down again
after the completion of the triangle.
4. So we are in WEEKLY and Monthly support zone as well and i am expecting the bounce from here.
5. Whether the wave (b) completed or it may be a complex correction we cant identify now...
6. But from here there is a chances for shooting to the moon to break the previous high 16 $ also.
7. But we need to book at least 6.9 the supply zone because we need to watch the wave formation.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Edited 07 Jan 2023, 11:03
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