# **Natural Gas (NG1!) – Entering a Bullish Cycle?**
Based on **Elliott Wave Theory**, the **first and second waves** in the larger degree have been completed, signaling the **start of a new cycle**. The current structure suggests two possible **1-2 setups**, indicating a **high probability** that the market is within an **extended third wave**.
### **Bullish Scenario (Aggressive View):**
📌 A **break above the previous peak** will confirm bullish momentum.
📌 While a corrective structure may form, any retracement is expected to be **shallow** before the next impulsive move.
📌 If this scenario unfolds, we anticipate a strong advance driven by the **sub-waves of the third wave**.
### **Key Levels to Watch:**
🎯 **First Target Range:** **$4.357 – $4.409**
🎯 **Main Target Zone:** **$5.296 – $6.183** (Expanded Target)
🚨 **Invalidation Levels:**
🔴 **Bullish structure weakens** below **$2.990**.
🔴 **Full invalidation** occurs at **$1.874**.
This analysis follows a **technical approach using Elliott Wave structures** and should not be considered financial advice. As always, risk management is key.
### **Bullish Scenario (Aggressive View):**
📌 A **break above the previous peak** will confirm bullish momentum.
📌 While a corrective structure may form, any retracement is expected to be **shallow** before the next impulsive move.
📌 If this scenario unfolds, we anticipate a strong advance driven by the **sub-waves of the third wave**.
### **Key Levels to Watch:**
🎯 **First Target Range:** **$4.357 – $4.409**
🎯 **Main Target Zone:** **$5.296 – $6.183** (Expanded Target)
🚨 **Invalidation Levels:**
🔴 **Bullish structure weakens** below **$2.990**.
🔴 **Full invalidation** occurs at **$1.874**.
This analysis follows a **technical approach using Elliott Wave structures** and should not be considered financial advice. As always, risk management is key.
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Related publications
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.