Natural Gas – another look

folks, the foldback failed .. it sure was a pretty set up down at the very very low price.  I’ve thrown a count up there and not too confident of the first part (the left portion) but what I do feel very confident about is the subdivisions of the current wave – which I have labeled 5.  The current move into the lows is certainly looking like a 3 and this move up (which is pretty strong by the way) is a 4 so we “should” have one more low in NAT GAS before a big counter trend rally.

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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

6 thoughts on “Natural Gas – another look”

  1. Dear Bart,thank for your analysis,i’m asking if today after a heavy loss (-15% in four days) the natural gas can resume the upside movement till the 3 $ or if this loss can compromize it.

  2. Dear Bart,thank for your analysis,i’m asking if the natural gas after the big loss of these days can resume the upside movement till the 3 $ or if this correction can compromize it and continue the down movement.

    1. Paolo – note, we closed right at a pattern SELL so expect a pullback = but a nice gap up on the hourly. need to get thru levels discussed last. hit me w/ any questions

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