As alerted exactly a month ago, Natural Gas has likely completed a Triple Top and now added insult to injury by forming a Head & Shoulders formation. NG is down almost 20% since the call.
Let’s analyze the consequences from different angles.
From the latest monthly analysis: “Expect a quick fall towards $7.53, a pause for a few days, followed by another sizeable move down.”
This monthly overview contains:
– evaluation of candles, technical indicators, and events on various frames;
– long-, mid- and short-term forecasts with Elliott Waves.
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Natural Gas – Bollinger Bands Study – Aug 30:
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