Natural Gas Elliott Wave Analysis: A-B-C-D-E Triangle Resolves at 3.262 — Breakout Targets 2.622
Natural Gas has completed one of the clearest large-scale Elliott Wave contracting triangles currently visible in the commodity market. With the pattern’s final (E) wave topping near 3.262, price has broken lower, and the EWPlans chart maps an accelerating decline toward the 2.622 target zone. Here is the complete breakdown.
Elliott Wave Analysis: Where Is NATGAS Right Now?
Critical Levels and Wave Count
The (v)/C/(B) Structural Base:
In early August, NATGAS completed a structural low labeled (v), C, and (B) on the EWPlans chart, establishing the foundation for the subsequent A-wave advance.
Wave A — Rising Channel:
From this base, Wave A developed through a clean five-wave sequence — (i)-(ii)-(iii)-(iv)-(v) — within a rising channel, topping near 3.017.
The A-B-C-D-E Contracting Triangle:
From the A/(v) high, a large contracting triangle developed over nearly three months:
(b)/B wave: Declined to approximately 2.752
C/(C) wave: Rallied to approximately 3.262
(D) wave: Declined to approximately 2.800
IV/(E) wave: The terminal leg, completing near 3.262
The Breakout — NOW ACTIVE:
From the IV/(E) high, price has broken lower. Current price at 2.942 reflects the early stage of this decline, with the large curved red arrow on the EWPlans chart projecting an accelerating move through 2.900 and 2.752 toward the 2.622 target zone.
Why This Triangle Matters
Contracting triangles typically resolve with a sharp, fast move once the final (E) wave completes — the converging price action compresses volatility before it is released abruptly. The structural resolution here points toward 2.622.
Expected Scenario and Potential Moves
Current Phase — Breakout declining toward 2.622:
NATGAS declines from current price 2.942 through intermediate supports at 2.900 and 2.752, toward the 2.622 target zone.
Key structural reference points:
3.262: IV/(E) high — Invalid Level
3.200 / 3.017: Resistance references
2.942: Current price
2.900 / 2.752: Intermediate supports
2.622: Primary target zone
Strategic Perspective for Traders
1. The 2.752 level is the key reference along the way. Price behavior here will help confirm whether the decline is progressing as mapped.
2. A recovery back above 3.262 would challenge the triangle breakdown.
3. Weather patterns, EIA storage data, and LNG export dynamics remain the primary fundamental variables that could accelerate or interrupt this decline.
Conclusion — Follow Natural Gas’s Wave Structure With EWPlans
Natural Gas’s large contracting triangle has resolved lower, with the chart mapping a decline toward 2.622.
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