As Wave Traders, our job is to spot corrections and catch the impulse, because that’s where the biggest moves happen.
On NATGAS, we completed Wave 1 with a leading diagonal, and are now finishing Wave 2 (an ABC correction). Once corrections are done, the next phase is Wave 3 - historically the longest and strongest wave in Elliott Wave Theory.
We've almost completed wave 2 and looking for a breakout for wave 3, which is the longest wave.
Trade Idea:
- Watch for break of the red trendline to indicate the start of wave 3
- enter with stops below breakout or below invalidation
- Targets: 5, 10, 13
NATGAS 12H Chart:
We'll be looking to enter on break of the red trendline with stops below breakout.
This setup is a textbook example of how Elliott Wave helps us prepare - not chase - the market.
Goodluck and as always, trade safe!
On NATGAS, we completed Wave 1 with a leading diagonal, and are now finishing Wave 2 (an ABC correction). Once corrections are done, the next phase is Wave 3 - historically the longest and strongest wave in Elliott Wave Theory.
We've almost completed wave 2 and looking for a breakout for wave 3, which is the longest wave.
Trade Idea:
- Watch for break of the red trendline to indicate the start of wave 3
- enter with stops below breakout or below invalidation
- Targets: 5, 10, 13
NATGAS 12H Chart:
We'll be looking to enter on break of the red trendline with stops below breakout.
This setup is a textbook example of how Elliott Wave helps us prepare - not chase - the market.
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.