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

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