It may be a rare occurrence but an ending diagonal in wave 5 may be taking shape here in Natural Gas according to this analysis. If that is the case then we can expect some more upside before a major retracement to follow.
Note
Here is an alternative count I am keeping an eye on, namely that this is unfolding as a leading diagonal as wave 1 of wave 3. As ever price action will reveal all.Note
Right on target. The depth of the decline will hopefully tell me now if this is in fact an ending diagonal (unlikely) or perhaps a wave 1 and the start of a prolonger bull run in Natural Gas (possible).
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Nice call....even if say so myself......Note
Watching this correction to see how it pans out now.....
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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.