NGASUSD (Natural Gas) is preparing to finalize the Cycle Wave B (dark blue).
This Corrective Cycle is ending with Intermediate Wave (C) (red), with Minor Wave C (pink) and Minute Wave V (black).
Fibonacci Extensions from Intermediate A&B (red) and Minor A&B (pink) are confirming that the 150-161.8% Values will pose as Major Support Lines, as they are pointing out towards the 61.8% Fibonacci Retracements of Cycle Wave A (dark blue).
Minute Wave V (black) still needs to complete, which makes NGASUSD (Natural Gas) a Short Term SELL until Cycle B (dark blue) is completed.
* Trades are to be treated as High Probability.
Set-ups, Limit Orders & Levels:
SELL:
Entry – 2.720
SL – 2.800
TP – 2.470
BUY:
Entries:
Moderate – 2.470
SL – 2.400
TP – 3.100
Conservative – 2.400
SL – 2.300
TP – 3.600