|
| natural gas looks to be moving ever closer towards the completion of wave 2..... As it pains me to me such a penny pincer as I'm just itching to get long this market here. The first target around 186 all the way down to just under 178-180.
If this is the case and we reverse from these levels I'm expecting a nice wave 3 ride higher towards the 310 area in a full wave 3 and possibly higher. the only way this pattern invalidates is if we push below the 168 level so the risk reward here has set up nicely if and when I'm correct. (Its very possible I start dipping a toe in just under 190 expecting prices to decline allowing the pattern to complete. but will trade may and June contracts as to allow for time. )
(I will be taking a long position starting at 186-178) basis the front month
[email protected]
Edited by Mr Enigma 2/18/2016 07:29
 (natural gas wave 2 complete.png)
Attachments
----------------
 natural gas wave 2 complete.png (76KB - 404 downloads)
| |
|
natural gas finishing w2 ( getting closer)... updated
