Natural Gas more downside possible after the Triangle break (Elliott Wave Analysis)
|Natural Gas: 1H : The (w)-(x)-(y) type of correction which is represented by the Green Hypo 2 looks to be in the final stages.
The retest of the b-d trendline was the indication for the upcoming downmove and an early entry, the shorts were confirmed later with the move below W.b low.
Strategy: Existing shorts should hold for lower levels upto 3.639 which is also the level where W.(w) = W.(y) , once we see a reversal near that level we can look for possible long trading opportunities.
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