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 — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
➡️t.me/charta_energeia — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.