I want to share with you some Elliott Wave charts of Natural Gas Futures which we presented last month. You see the 4-hour updated chart presented to our clients on the 5/20/19. Natural Gas had a 4-hour right side tag against 2.910 peak suggesting more downside.
It ended the cycle from 02/27/19 peak in black wave ((v)) at 04/25/19 low (2.439). Above from there, we expected a bounce to occur. The bounce unfolded in an . We advised members that Natural Gas should continue lower. Therefore, we expected sellers to appear in the sequences of 3, 7 or 11 swings. At the 100 – 1.618 Fibonacci extension of black (w)-(x) which came at around 2.701-2.817 area and that was the first area for selling the commodity.
Natural Gas 5.20.2019 4 Hour Chart Elliott Wave Analysis
In the last Elliott Wave chart. You can see that it reached the blue box area. So traders could have opened a short position at the blue box. The Gas reacted perfectly lower. Any trades from our blue box area shown in the chart above were risk-free, which means the stop-loss should be moved to break even looking for lower levels. Please keep in mind that the 4-hour chart which I presented has changed. This blog should just illustrate how accurate our blue boxes are, and how our members trade our 3-7 or 11 swings strategy.
If you are interested in how to trade our blue box areas and want to understand how Elliott Wave works. Then I recommend you to get a shot on our 14 days free trial below. We present a lot of trading setups in our 3 .
Natural Gas 6.02.2019 4 Hour Chart Elliott Wave Analysis
I hope you liked this blog and I wish you all good trades. And for all who are interested in learning more about our unique blue box areas and also want to trade profitably in 2019 you insight.