MCX Natural Gas Anticipated Happened: Elliott Wave forecast

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MCX Nat Gas on 3rd Jan 2020 Anticipated


MCX Natural Gas on 11th Feb 2020



In my previous update on Nat Gas I had been mentioning that prices will move down till 125-120 levels when it was quoting at 153-155 levels. Check out the article in te given link below

https://www.marketanalysiswithmeghmody.com/2020/01/mcx-nat-gas-symmetrical-triangle-and.html

Nat Gas made a low of 125.7 on 11th Feb 2020 from 153-155 from where I had anticipated that fall by using the below given theory which is Elliott Wave.

I was anticipating a symmetrical triangle pattern which in this case was perfect, since last leg which is wave e was pending I anticipated that it will tumble till 125-120 levels. I now feel that the downside is over and prices are now poised to reverse from current levels which can take back near till its previous high of 200.

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Here is the video on Natural Gas which I had made in the month of January 2020


Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
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