Natural Gas got my attention because I believe we might see a wave 2 correction soon (or wave B for that matter). Once that correction has ended I would like to buy Natural Gas because the weekly time frame shows us an incredible potential. Keep in mind that price can't go below zero and long term buying would be a great investment opportunity.
Updates will follow as soon as the correction starts.
Updates will follow as soon as the correction starts.
Elliott Wave analist know that Fibonacci retracements are not that effective when simply measuring high and lows but that they are very effective projecting waves, by means of other waves due to the fractal system. It seems like we were able to do that when it comes to Natural Gas. This supports my view of a wave two to be in progress. Once that's over I will definitily start buying more Natural Gas (I'm already long when price came below 2.0?. Depending on your capital you don't even need a stop loss with these levels.
Those who understand inter market analysis notice many red flags. Let's not ignore them.
Updates will follow.