NATURALGAS - Another Wave Up 🧐?

In previous thread I was looking for a retracement short back down to the lows, but NATURALGAS has had 2 very bullish weeks and so with some grace its time to GTFO of the way.

The clues here are the ultra quick bounce and big momentum candles show volatility is continuing to increase to the upside.

And in addition there are some rumours that Putin may cut off gas to Europe and everything mentioned here is not great for finding a good short.

So it appears that NATURALGAS may make a 7 wave here that I'm not even going to bother thinking about EW.

But rather than a 1.618 it may top out at 2.272 which is also a 1.618 taken from the local high to low.

If it gets passed 0.786 I may even make a small long position because the next wave up could be wild and could be a 70% move but i'll wait to see how it continues.

From there I think a short around $14-$15 could be a risky but massive home run, perhaps better made with defined risk. That would be a double top and there will be selling pressure in that area.

Not advice.