Natural Gas complex correction might still be continuing (Elliott Wave Analysis)
|Natural Gas: 15 min.: Moved down as suggested in the last post from 3.306 to give a fall of about 4.15% so far.
As such the minimum technical expectation for the downward movement was to touch the Wave w/a low which this market has already done. (Near 3.167)
In case this correction of Wave x/b is still continuing as a Flat type of structure then we can see a leg before seeing further lower levels.
To avoid the scenario of Complex corrective continuation, existing shorts should trail Stops and wait for further price action for a clearer trading plan.
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