#NatGas Update #OOTT

The chart is non-tradable (though I did enter some cheeky shorts). Natgas is tracing out something really intricate, as is its typical behaviour.

I suspect (and this is only specualation at this point) that the market is undergoing a compex [w][x][y] correction as wave b where [x] is a flat with an expanding diagonal in wave (C).
Then there has to be either another flat or a triangle in wave [Y] to complete wave b and proceed to a simple impulse c.

That is extremely speculative at this moment, and hence not tradable from an ElliottWave perspective.

The key points are
- I believe the correction within the correction has not yet been completed.
- Once wave b is completed, there may be a nice quick short setup followed by medium-term long opportunity

This is not advise.