QG1!- Bang On..NG- Follow Up- Book in 3rd of v-th Wave@2.850

NYMEX_MINI:QG1!   E-mini Erdgas Futures
127 0
Follow up from previous NG post- NG to move in 3.100 to 3.150 zone.. Internally "v?" -wave is divided into five waves of itself.

In this move we captured above 2.590 to 2.825

where 3rd wave moved exactly 161.8% of the 1st wave which comes at 2.850. High was 2.850. If the count is correct - allow retracement in 4th wave in the zone 2.745 - where it shall retrace 38.2% & 2.710 - where it will retrace 50% of 3rd wave.

I shall retrun back for 5th wave -which is the most lucrative wave as 5th waves in commodities usually extends bigger than 3rd waves.

So, wait for my upcoming update-- "NG"- 5th Wave is searching for you- aren't you interested to take home"

Abhishek H.Singh, CMT

Trade ist aktiv: https://www.tradingview.com/chart/X9pHg7...

00:00 Hrs-IST-27th Aug2016

I have slightly modified the counts but yes - good buying opportunity still exist in the range 2.785-2.800 or 2.710 to 2.740.. Exact Levels telling will be difficult but these zone would be of real importance as post retracement it should carry to desired final zone of 3.105 to 3.150 -where we face previous swing high.

Since its a bull trend selling is always risky because after- "Trend is your friend" In this case it is a short term bull trend.

Abhishek H.Singh, CMT
Trade ist aktiv:
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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