Natural Gas: The Bears Have The Price Control-Textbook ExampleNatural Gas: The Bears Have The Price Control
Since the previous analysis of the price, we saw that the price faced a very strong resistance near $3.05 and it moved down very quickly this time.
On a daily time frame, NG looks like it has room to move down even more.
On a lower time frame, the price created a 5-wave movement and 3-wave correction.
it looks like we are in a textbook example and the chances are that NG may move down for the A wave or 3rd Elliot wave.
The maximum I am watching this time is 2.2
You may find more details in the video!
Thank you and Good Luck!