Natural Gas could have already completed its 4th wave, or it might extend further. The rally from the low of wave 3 is particularly challenging to count. I spent an hour on it but still couldn't find a clear and reliable wave interpretation.
However, given the low probability of correctly counting any single wave and the highly subjective and variable nature of this method, it's not the most critical thing.
What is important is to focus on the confluence of patterns and wave counts across different timeframes, avoid going against the momentum indicators, and always factor in key reversal points.
It's based on these reversal points that I've built out my approximate scenarios for the start of next week.
However, given the low probability of correctly counting any single wave and the highly subjective and variable nature of this method, it's not the most critical thing.
What is important is to focus on the confluence of patterns and wave counts across different timeframes, avoid going against the momentum indicators, and always factor in key reversal points.
It's based on these reversal points that I've built out my approximate scenarios for the start of next week.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
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.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
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.