Short term Natural Gas View as per Elliot wave analysis
Natural Gas is in consolidation for a while after continuous drop. Initial price action shows flat correction ABC wave. Right now we may be in wave B.
Internal Wave count of ABC is having 3-3-3 wave structure. We are in b wave of Wave B. It is expected to be completed around 544.
Wave c of Wave B will go towards 400 as shown.
Please let me know if anyone is having different opinion with background explanation.
Internal Wave count of ABC is having 3-3-3 wave structure. We are in b wave of Wave B. It is expected to be completed around 544.
Wave c of Wave B will go towards 400 as shown.
Please let me know if anyone is having different opinion with background explanation.
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