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I remember November 2016

Por cjwaves
Atualizado
should head below August lows
Nota
close up view natgasusd
snapshot
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below support box idea will have to be modified to include a top already in place snapshot
Nota
so far so good snapshot
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going to take a bit longer after all snapshot
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odds are greatly increasing we break down here snapshot
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if we see a clear 5 waves down before a new high, then focus will shift to adding shorts on a retrace (see green alternative count) - this move could extend lower before retracing snapshot
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still expecting one more high snapshot
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still on track, tricky with inventory report today snapshot
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looking like a corrective drop so far, may be a good idea to hedge shorts or take profits snapshot
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still looks corrective, shorts may be wise to cover soon, i may switch long on next low, upside may be limited, above 2.9 the idea needs to be re-worked with a bottom theme snapshot
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its certainly bouncing hard from the area specified, will have to watch how the bounce takes shapes for further clues, shorts hopefully were closed were it was wise to do so
Nota
if anyone still short, i'd close here on todays dip, going to retrace much of the week higher
Wave Analysis
cjwaves

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