Natural Gas (XNGUSD)
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NATURALGAS - First Correction Of Bull Market

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Printing shallow here and this is likely a 0.382 correction to begin the bull market.

Trundling down the Supply Line it could print a shakeout and have a stab down but we don't really mind, this is DEEP DEEP here and one day we'll look back and think about when NATURALGAS was sub $3.

Think about it - energy is going up up up.

This could be a multi year or multi decade bottom 🚀.

Hopefully my clients enjoyed this one and now here it is for you guys at TradingView to enjoy!

Not advice.
Not
Nice pop above the Supply Line today.
Not
Got our buys in the double liquidity pocket below the 4H 200MA and Supply Line.

And now it is breaking out from the Supply Line.

We'll be looking to see if this is a move into a full bull market or whether there will be a third correction wave back down before the real fireworks.

If that third correction wave comes then the current wave will most likely pivot in the retracement Golden Window (blue band).

For now we will enjoy the ride.

Pamp it!

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Not
Pivoted in the retracement Golden Window as described and now in the third correction wave.

We are looking for entries.

The next pivot will either be a 1:0.618 or a 1:1 extension Golden Window.

Momentum suggests it will be the 1:1 and a GREAT buy opportunity.

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Not
So in the end it was a Regular Flat correction and now it would appear the next wave up is underway.

Congrats to those who have bought through the correction. Our early calls at the Re-accumulation are doing great now, but down the road this whole area will prove to be the value zone.

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Not
We're now into the next impulsive wave and it is rocketing up! 🚀🚀🚀

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Not
Dont forget guys, we were eyeing this trade up long ago while many of you would have been scrambling / underwater. I often respectfully give calls later in progress to TradingView.

This could be a major market low here.

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Feragatname

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