Natural Gas – ABC Correction Complete, C Wave Ending Diagonal Breakout
The ABC corrective structure appears to be complete, with Wave C forming an Ending Diagonal pattern. Price has now successfully broken out above the diagonal resistance, confirming bullish strength and increasing the probability of a trend reversal.
As long as the breakout remains valid, we can look for further upside momentum, with the next major target projected around 303.
The ABC corrective structure appears to be complete, with Wave C forming an Ending Diagonal pattern. Price has now successfully broken out above the diagonal resistance, confirming bullish strength and increasing the probability of a trend reversal.
As long as the breakout remains valid, we can look for further upside momentum, with the next major target projected around 303.
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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.
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.