Natural Gas falling in possible Ending Diagonal in wave [c]!

by Dean Market Profile on Thursday, January 05, 2012 in Commodities, Natural Gas

Natural Gas fell sharply from July 2008 in wave [a]. Then we rallied in 3 waves in wave [b]. Now again we are falling in 3 waves, this price development is similar to either a triangle in wave [b], or an ending diagonal in wave [c]. The targets for wave (3) of [c] is around 120 levels and the target for wave [c] should be around 105 levels. All in all we are looking at lower levels on Natural Gas from here.

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Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Thursday, January 05, 2012

Natural Gas falling in possible Ending Diagonal in wave [c]!

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