Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6, the retrace could set up a nice H&S reversal pattern at $1.82.
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This idea has been abandoned and replaced with this one.
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I'm too impatient... it has reached my TP1 and still looks very strong, I won't be surprised to see it hit TP2. Plan your trade and trade your plan... I only did step 1. :(
