Correcting Up :
As shown on the N.G. daily chart below, the Minor-degree wave B down could have completed and the same degree wave C begun its way up now.
The wave C of Intermediate wave (4) would achieve the Fibonacci 0.382 retracement level at 2.907.
Intermediate wave 3 low of 1.684 has been broken….it opens few possibilities now…
1. Intermediate wave 4 is an expanded flat or a traingle in formation.
2.WAve terminated and this is the intermiediate 5th wave….
Please update and thanks…
Thanks for your attention. The Natural Gas in weekly and daily frames has an update right now.
Regards,
E.C. Author