In the last analysis, we expected wave-(e) to develop into a reverse contracting triangle. However, with the formation of more waves and the extension of the final wave, we have to revise and update the analysis.
UPDATE:
After the expansion of the last wave and a thorough re-examination of the chart, it has become clear that NATURAL_GAS has been constructing a Diametric pattern from December 9, 2022, until now. Based on the current wave count, it appears we are in the final wave of this Diametric structure — that is, wave-(g).
We have outlined two scenarios. Both scenarios ultimately share the same target of $5, but prior to that, the price requires a time and price correction that could extend until 2027.
Good luck
NEoWave Chart
UPDATE:
After the expansion of the last wave and a thorough re-examination of the chart, it has become clear that NATURAL_GAS has been constructing a Diametric pattern from December 9, 2022, until now. Based on the current wave count, it appears we are in the final wave of this Diametric structure — that is, wave-(g).
We have outlined two scenarios. Both scenarios ultimately share the same target of $5, but prior to that, the price requires a time and price correction that could extend until 2027.
Good luck
NEoWave Chart
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.