Natural Gas down to 2.3200 before up to 3.1350 IDEA
So this is how is see Natural Gas price to react in the upcoming days and weeks.
The price is moving according to 12345 Elliott Impulse Wave, so it will now go down to touch the 4th impulse at around 2.3200 support area. It will then move rapidly up to complete the impulse wave 5 and reach support area at around 3.1350.
It had a strong upside movement last week, now it would be a time for a correction. Plus this arc shape fits well here.
What do you think?
The price is moving according to 12345 Elliott Impulse Wave, so it will now go down to touch the 4th impulse at around 2.3200 support area. It will then move rapidly up to complete the impulse wave 5 and reach support area at around 3.1350.
It had a strong upside movement last week, now it would be a time for a correction. Plus this arc shape fits well here.
What do you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.