CastAway Trader
CastAway Trader Predict the Next Market Move

NG - has a complete macro Five Wave Down structure

NG has been working on that final subwave C of wave 5 down. That wave is the final wave of the multi year decline. If we switch to Daily chart we will be able to see a micro structure of that subwave C of wave 5 ( see the chart below):

NG - Weekly chart updated on 3-02-2020

On a daily chart we can see that the final subwave ( c ) of ( v ) hit 223.6% ext of ( a ) of ( v ) down. The micro structure of the final wave C of 5 down looks very much complete. That count suggests that NG should soon start a corrective rally in wave A up out of A-B-C pullback.

NG - Daily chart updated on 3-02-2020

Trading is risky. Read this important Disclaimer


Trading stocks, options, or futures carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. CastAway Trader LLC provides general overview of trading methods that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading. You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.

Previous Updates:

No posts found.