In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023, Price achieved our all given targets.
Click here: MCX Natural Gas – Elliott Wave projection
Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515, but the price didn’t respect the level and ended up losing bullish momentum.Continue reading