Naturalgas - 5 wave impulse done?
CMP: 3.4100
TF: 4 hour
Looks like a 5 wave impulse from the lows at 1.9150 has come to an end.
The final leg (5th), seem to be incomplete though (if you consider marking 1-5); but that mostly looks like an abcde with e giving a throw over move spike.
Risk reward for longs is not good.
Also, Bullish BAT/CRAB formation seen on hourly TF. It is still at initial stages though. Invalidation level would be 3.6310
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: 4 hour
Looks like a 5 wave impulse from the lows at 1.9150 has come to an end.
The final leg (5th), seem to be incomplete though (if you consider marking 1-5); but that mostly looks like an abcde with e giving a throw over move spike.
Risk reward for longs is not good.
Also, Bullish BAT/CRAB formation seen on hourly TF. It is still at initial stages though. Invalidation level would be 3.6310
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.