Natural Gas Elliott Wave Technical Analysis
Natural Gas has concluded its bullish correction, which began in February 2024. The recent bearish price action suggests that the commodity may resume its long-term downtrend that persisted between August 2022 and February 2024.
Natural Gas Daily Chart Analysis
The Elliott Wave Theory follows a 5-wave impulse structure and a 3-wave corrective sequence. After the correction ends, the price typically resumes the dominant trend with another 5-wave move.
Natural Gas completed a 5-wave decline (Wave ((A))) from August 2022 to February 2024. This was followed by a 3-wave corrective move (Wave ((B))), peaking in January 2025. With Wave ((B)) complete, Wave ((C)) should now be in progress, leading to new price lows below the February 2024 bottom. Wave ((C)) is expected to form a 5-wave impulse sequence in the bearish direction.
Natural Gas H4 Chart Analysis
On the H4 time frame, Wave ((C)) has begun, with a bearish impulse wave forming from the January 2024 peak. This move is likely Wave 1 of (1) of ((C)).
Within Wave 1, the price is currently developing Wave (iii) of ((iii)), indicating further downside potential before a bullish correction in Wave 2 begins. This expected Wave 2 bounce could present an opportunity for sellers to enter short positions at favorable levels.
Technical Analyst: Sanmi Adeagbo
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