short term bearish; long term bullish, ewt
holding a bearish bias short term because,
1) retracement from the entire 5-wave cycle is shallow
2) 15m/30m time frame bounce off recent lows has w3 as shortest wave
3) B or (X) failed at the .618 retracement from the top
4) 50% retracement from the entire 5-wave cycle sets up C to be exactly 100% extension of A
5) i'd love to buy some natgas lower :)
from there, expecting a new bullish cycle to form in either larger degree ABC or 1-2-3-4-5 fashion
1) retracement from the entire 5-wave cycle is shallow
2) 15m/30m time frame bounce off recent lows has w3 as shortest wave
3) B or (X) failed at the .618 retracement from the top
4) 50% retracement from the entire 5-wave cycle sets up C to be exactly 100% extension of A
5) i'd love to buy some natgas lower :)
from there, expecting a new bullish cycle to form in either larger degree ABC or 1-2-3-4-5 fashion
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.