NYMEX:NGG2020   Henry Hub Natural Gas Futures (Feb 2020)
since i called the november top, thought i'd call the the bottom too.
TV wants a detailed description, so its an ABC with a diagonal C of which the 5th has a funky wxy with a diagonal c. so there you go!
Im expecting targets above the november high, unclear where exactly but hopefully this winter. Good luck.
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depends how we draw the final channel we are in, could work another minor low in before we go up, but it works as complete as well, we'll see
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a few changes, this looks pretty good for at least a good bounce soon, possibly a bullish reversal, will likely have to endure one more low but i can narrow the likely low to that smaller box on NG1
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it would be nice to just get it over, it seems this may drag on a bit longer
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following script quite well, looks like we will get one more low as anticipated
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the idea will have to be modified as this mornings action is setting up a rally to 2.191 to 2.225 area on NG1, from there more downside action is expected
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assuming something like this for now
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unfortunately there remains several options from this point, i'll be watching for clues but the structure is very treacherous
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the picture has cleared up significantly, but there may be a tough decision ahead for longs friday could be a huge day for bulls
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going according to plan. ending this update stream here for now. good luck!
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the move is counting very well, so i will add this update, not sure if we get a 4th and 5th after or not as can also mark the top of a corrective rally before new lows, however the move does work extremely well with the more bullish option, after 5 up, if there will be one, there would be a decent retrace to get back in the trend
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