Natural Gas

As shown on the N.G. daily chart below, a countertrend rally in Minor-degree wave C would trace out Intermediate wave (4) as a flat correction in three waves.

Accordance with the Elliott Wave Principle, in a “flat” correction:

  • Wave B usually retrace between 100 and 138 percent of wave A.
  • Wave C is usually between 100 and 165 percent as long as wave A.
  • Wave C usually ends beyond the end of wave A.

Natural Gas - Daily

1 thought on “Natural Gas

  1. Akkam07

    Hi Wondering whether you could advise which software is being used to generate Elliott waves and comments. Thanking you in advance Kamal

    Sent from my iPad

    >

    Reply

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