Long
Long NG - Fifth wave coming before next drop/explosion 12th July

The 12th of July will be a crash or explosion date. Since the price has already crashed it's more likely to explode if it breaks the upper longterm trendline. I think the stock market will crash/make it's peak parallel to an NG explosion event so plan to do some shorting aswell this week.
Note
We might actually have another leg down to 1810-1790 area before bouncing up again. Going short if we don't break 1900 with conviction tomorrow.Note
Here's another thing to thing about, I keep mentioning the algorithm correlation between VIX/SPXU and NG. Buffet did a 10 billion purchase in the industry recently, Has he just changed hes market centiment to bullish? I don't think so. Rather think this is his hedge.Note
Big boys will start shorting around 1900 if we don't break it with conviction. I think were in a 5 wave just starting wave 4. So if that's the case it would fit the picture. That would be the top of a B correction on the 4 hour which means a big C drop expected around that area.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.