Subscription: Micro Counts of Crude Oil & Nat Gas
NG - finally we are getting a potential LONG setup
Let me start with a micro setup first. Then I will add a macro outlook.I am bearish long term and in order to complete a large decline I need to see Natty going under 2.233. Again I will post my Daily chart soon to show you why I expect lower levels to come.
But on a short term horizon we may get a nice LONG setup for a bounce after the decline off 2,911 top made on 3/19/19 gets completed. This decline has an impulsive structure and should be completed when all five waves are completed. As you can see on the chart below it is working on the very last subwave c of v.
Scroll below to see a 15 min chart.
To nail completion of that very last wave c of v down (black labels in Itallic font) I added micro count in the red labels. The ideal setup would be to get full five micro red waves into the green target box!