I remember November 2016

should head below August lows

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close up view natgasusd

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below support box idea will have to be modified to include a top already in place

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so far so good

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going to take a bit longer after all

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odds are greatly increasing we break down here

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if we see a clear 5 waves down before a new high, then focus will shift to adding shorts on a retrace (see green alternative count) - this move could extend lower before retracing

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still expecting one more high

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still on track, tricky with inventory report today

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looking like a corrective drop so far, may be a good idea to hedge shorts or take profits

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still looks corrective, shorts may be wise to cover soon, i may switch long on next low, upside may be limited, above 2.9 the idea needs to be re-worked with a bottom theme

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its certainly bouncing hard from the area specified, will have to watch how the bounce takes shapes for further clues, shorts hopefully were closed were it was wise to do so

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if anyone still short, i'd close here on todays dip, going to retrace much of the week higher

cjwaves

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cjwaves