MCX Natural Gas Anticipated Happened: Elliott Wave forecast

-
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.

Learn Technical Analysis with me in my 4 month course covering all the important concepts of the market along with its practical applications. The course fee is Rs 12,000/- classroom training and webinar available. 

Elliott Wave and Neo Wave, 4 day course which is advance technical analysis is set to start in Feb 2020 last weekend, the costing is Rs 10,500/- webinar and classroom training available- contact +919324174580.

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.
Idea
Airtel
Vodafone
11 July 2020 at 15:11
Post a Comment

Popular posts from this blog

Nifty in Ending Diagonal Pattern?

-
Image
 Nifty Daily chart Analysis Nifty is currently exhibiting a pattern of higher highs and higher lows, indicating a positive trend. While there is no immediate sign of reversal, there are indications suggesting that the current upward momentum may be losing steam. According to the Elliott Wave theory, there are signals suggesting the formation of a distribution pattern, specifically an ending diagonal pattern. However, this pattern is still unfolding, with one leg remaining on the upside, potentially pushing the index to new all-time highs within the range of 22300-22400 levels. Once this leg concludes, there could be a reversal in the trend. In summary, Nifty is anticipated to climb further from its current levels and may reach a new all-time high in the range of 22300-22400. However, after reaching this peak, a reversal could occur, potentially leading the index down to the range of 18000-19000 levels. Join my Telegram Channel :  https://t.me/elliottician1 Join My Twitter hand...
Read more

Gold Anticipated Happned

-
Image
 Gold anticipated on 14th Oct 2023 Gold happened on 28th Nov 2023 Analysis In my prior article, I noted that "Gold prices have the potential to climb higher and may reach the $2025-2030 range in the short to medium term." The yellow metal indeed surged towards $2150 levels, surpassing my projected range of $2025-2030 when it was initially trading at $1933 - the anticipated outcome. To read my previous article on Gold, click on the link below https://www.marketanalysiswithmeghmody.com/2023/10/gold-and-elliott-wave-counts.html Presently, prices are following a flat pattern, having completed wave a of wave b, and this wave b is identified as a flat. The next movement could reach a minimum of 80%, translating to $2090 levels, or it might extend to $2150 levels or beyond. Clear-cut indications point towards prices fluctuating within the $2100-2150 range. Currently, prices are recorded at $2053 levels. To sum up, Gold prices display a positive outlook and are expected to fluctuate ...
Read more

ACC: Neo Wave Diametric pattern

-
Image
 ACC daily chart As shown in the above chart, prices are moving in a sideways direction after a stupendous rally, this sideways pattern are a sign of caution as there are high chances of a distribution pattern happening at higher levels. Wave theory suggests that, prices are moving in a Neo Wave Diametric pattern, which is a seven leg pattern (a-b-c-d-e-f-g) and in wave g there is a high possibility of a triangle pattern. Once wave g is over, prices are expected to falter till 1850 levels. The summation is ACC can move down till 1850 levels over short term, once the level of 2100 is broken decisively.
Read more