Natural Gas Elliott Wave Analysis

Function - Trend

Mode - Impulsive

Structure - Impulse Wave

Position - Black wave 3 of larger degree red wave (3)

Direction - Black wave 3 of higher degree red wave (3) still in play

Details: Wave (3) evolving into a bearish impulse. Sub-wave 3 (in black) broke below 1.959 support and could extend toward 1.378-1.124 key Fib zone. Structure.

(Click on image to enlarge)

(Click on image to enlarge)

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