Following our last post on Natural Gas, we have now seen a breakout, suggesting the start of a larger bullish wave — a move that could last multiple years.
From a technical perspective:
- Wave 1 (5-wave impulse) is complete.
- Wave 2 (ABC correction) is also complete.
- We are now in Wave 3, which itself will form 5 subwaves.
Wave 3:
Subwave 1 of Wave 3 has formed as a leading diagonal.
We are now in Subwave 2, which typically retraces around 61.8% of Subwave 1.
Our buy zone is positioned around this retracement area, and we will be looking for a lower timeframe breakout to confirm entries.
Important note:
Subwave 2 could form a more complex ABC correction, so patience is required while it develops.
Trade Plan:
- Wait for price to reach the buy zone.
- Look for lower timeframe bullish confirmation (trendline break, BOS, structure shift, etc.).
- Enter after confirmation.
Stoploss Placement:
- Aggressive option: Below the corrective low.
- Conservative option: Below the broader invalidation level.
Targets: 8, 10, 12
See below for our last NatGas analysis:
From a technical perspective:
- Wave 1 (5-wave impulse) is complete.
- Wave 2 (ABC correction) is also complete.
- We are now in Wave 3, which itself will form 5 subwaves.
Wave 3:
Subwave 1 of Wave 3 has formed as a leading diagonal.
We are now in Subwave 2, which typically retraces around 61.8% of Subwave 1.
Our buy zone is positioned around this retracement area, and we will be looking for a lower timeframe breakout to confirm entries.
Important note:
Subwave 2 could form a more complex ABC correction, so patience is required while it develops.
Trade Plan:
- Wait for price to reach the buy zone.
- Look for lower timeframe bullish confirmation (trendline break, BOS, structure shift, etc.).
- Enter after confirmation.
Stoploss Placement:
- Aggressive option: Below the corrective low.
- Conservative option: Below the broader invalidation level.
Targets: 8, 10, 12
See below for our last NatGas analysis:
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.