Natural Gas - ending diagonal in wave 5

4 Eki 2016

It may be a rare occurrence but an ending diagonal in wave 5 may be taking shape here in Natural Gas according to this analysis. If that is the case then we can expect some more upside before a major retracement to follow.

10 Eki 2016

Not

Here is an alternative count I am keeping an eye on, namely that this is unfolding as a leading diagonal as wave 1 of wave 3. As ever price action will reveal all.

22 Eki 2016

Not

Right on target.
The depth of the decline will hopefully tell me now if this is in fact an ending diagonal (unlikely) or perhaps a wave 1 and the start of a prolonger bull run in Natural Gas (possible).

25 Eki 2016

Not

Nice call....even if say so myself......

31 Eki 2016

Not

Watching this correction to see how it pans out now.....