Natural Gas - Elliott Wave Count
this is an update to the previous view.
Yesterday, the market completed the 4th wave of its price movement cycle and has since entered the 5th wave. This represents a continuation of the current trend, and we can anticipate a positive recovery in the upward direction once the 5th wave is completed. This signals a potential opportunity for investors to consider taking advantage of the market's recovery trend.
In light of this, we recommend refraining from taking short positions in a bull market. Instead, it would be prudent to wait for a reversal and take a long position.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NATURALGAS
NATURALGAS
NATURALGAS1!
NATURALGASCFD
NATGAS
NATGAS
this is an update to the previous view.
Yesterday, the market completed the 4th wave of its price movement cycle and has since entered the 5th wave. This represents a continuation of the current trend, and we can anticipate a positive recovery in the upward direction once the 5th wave is completed. This signals a potential opportunity for investors to consider taking advantage of the market's recovery trend.
In light of this, we recommend refraining from taking short positions in a bull market. Instead, it would be prudent to wait for a reversal and take a long position.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NATURALGAS
NATURALGAS
NATURALGAS1!
NATURALGASCFD
NATGAS
NATGAS
Comment:
markets seem very bearish and weekly charts also become bearish now.... so wait for a good reversal to take trade according to this view. don't rush to buy.
Trade closed: target reached
