NATURAL GAS STARTED MAJOR UPTREND

Hi Traders,

Natural Gas (now at 3800) started a major uptrend 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1".

As you can see by the 2-hours chart below we're still plenty of time to get on board for a long position.

ELLIOTT WAVES

The  letter "C" at the bottom right of the chart marks the very end of major retracement wave C. That wave was part of large A-B-C downward correction started from the top at 6,481 on FEB 24, 2014. It bottomed at 3,537 on OCT 28.

TARGETS

first 3760-43
then 3924-50

PS: apologies for not providing more charts but I'm utterly busy.

Mario D. Conti. 

https://www.tradingview.com/x/xzeOEBgC/

SPI200 end of the line?

Hi Traders,

The SPI200 (now at 2428) seems to be at the end of the line.

TARGETS

likely: 5345-5323
possibly: 3278-3267
maybe: 3221

ELLIOTT WAVES

The weekly chart displays the a-b-c (or the a-b-c-d-e) in the making. Wave c downwards should end around 4925 or 4847.

The daily chart reveals that wave b is finished. Wave c downwards should be in the making already.

The 1-hour chart displays 9 waves up, marking the end of wave 3 up as expected.

NOTE: I honestly thought that it would have gone all the way up to the area 5494-5507 (theoretical target) before reversing.

Weekly chart - click to enlarge

Daily chart - click to enlarge

4-hour chart - click to enlarge

Wave oscillator - 4-hour chart - click to enlarge

1-hour chart - click to enlarge

Natural Gas - Major Pivot Point

Hi Traders

The end of the line for Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend.

The 1-hour chart (in the link below) displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of 5 waves down that should be fully formed at the beginning of the week.

At weekly and daily level, this is the very end of a major A-B-C retracement.
Hence, expect a major reversal.

TARGETS

first down to the area 3515-3475
then up to the area 4163-4187

for images please check on https://www.tradingview.com/x/kTQ7LKkd/
or
Natural Gas Major Pivot Point by mariodconti