Elliott Wave Trading Education

Archive by tag: Bearish TrendReturn

08Mar

Natural Gas Elliott Wave Technical Analysis: NG Experiencing a Bearish Trend Persists

Natural Gas (NG) is currently experiencing a bearish trend, with Elliott Wave analysis indicating further downside potential. Despite a minor rally, NG remains within a larger impulsive wave structure, with wave 5 of wave (3) anticipated to continue the downward trajectory. Detailed analysis suggests potential price targets and support levels, highlighting the continued bearish sentiment in the NG market.

04Mar

Natural Gas Elliott Wave Technical Analysis: Key Resistance Zone Ahead

Ranjeet | 04 Mar, 2024 | Natural gas, Elliott Wave analysis, Market trends, Technical analysis, Price forecast, Trading opportunities, Resistance zones, Bearish trend reversal, Energy markets | Commodities | 0 Comments |

Natural gas prices are nearing a critical resistance zone after experiencing an upward correction within a long-term bearish trend. According to Elliott's Wave Theory, this correction is part of a broader impulse wave, with the current focus on completing the 4th sub-wave before a subsequent downward movement for wave 5 of (3). Key confluence zones on both daily and H4 charts indicate potential reversal points, with sellers likely to regain control near the resistance zone.

26Feb

Bearish trend remains intact Soybeans Commodities charts Elliott Wave Technical Analysis

Ranjeet | 26 Feb, 2024 | Soybeans, Elliott Wave analysis, Commodities market, Trading strategies, Market sentiment, Technical analysis, Bearish trend, Price movement, Forecast, Short-term outlook | Commodities | 0 Comments |

In summary, the Elliott Wave analysis of Soybeans Commodities charts indicates a persistent bearish trend, characterized by impulsive downward movements. The market structure suggests ongoing progression within a larger corrective wave pattern, with current positioning in black wave 5 of a higher degree red wave (3). Both daily and short-term analyses support the expectation of further downside momentum, with caution advised for traders to sell into bounces and await confirmation of a substantia...

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