Wednesday, September 23, 2009

Natural Gas Wave Count





Until proven otherwise, this is my prefered count out of the many possibilities. The c=a  relationship is commonly seen,  while a 3=1 is rare, and the triangle formation is not usually seen in a 2 position, thus ruling out a 1, 2, -1-,-2-, structure, leaving abc, x.

It does look like another series of abc's up could be expected particularly with new highs.
BTW if that does occurr, a C = A structure of larger degree will target 5.00 from the 3.50 x wave.

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