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Natural Gas - wave iii keeps extending down as any commodity likes to do
Yesterday I provided you with a ready-to-go checklist for catching a bottom of a five wave impulsive structure down.
You can start applying to to Natural Gas. Currently we see that extended wave iii. It keeps leaking down. Because NG is a commodity its wave iii may extend and overextend. This is why we always wait for a well pronounced pullback in a corrective wave iv down before we really start focusing on the potential of a bottom.
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