NATGAS - Possible anomaly in wave count
Updated
Hi Traders
I decided to post this chart because I noticed that , at first glance NATGAS completed 5 waves up and therefore, at the end of this retracement, Traders will think that that the move will be up to the 3 rd wave of the higher degree.
I was trying to fit Fibonacci as confirmation, and it didn't match .. I went to a lower time frame and I adjusted the count... If you try the Fib extension considering what we just completed as a wave 3 of 5, I think that you will be surprised on how the Fibs extensions match perfectly
I think we are close to a big up move after (if I am correct), a further short wave up and consequent retracement (as shown bu the arrow)
Happy trading
I decided to post this chart because I noticed that , at first glance NATGAS completed 5 waves up and therefore, at the end of this retracement, Traders will think that that the move will be up to the 3 rd wave of the higher degree.
I was trying to fit Fibonacci as confirmation, and it didn't match .. I went to a lower time frame and I adjusted the count... If you try the Fib extension considering what we just completed as a wave 3 of 5, I think that you will be surprised on how the Fibs extensions match perfectly
I think we are close to a big up move after (if I am correct), a further short wave up and consequent retracement (as shown bu the arrow)
Happy trading
Trade active
long activated.. wish me luck :)Disclaimer
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