Natural gas - at the verge of a pullback?

Natural gas: wave 3 still could extend higher (to 2.502) but basically, we are about to start a meaningful pullback matching with the 4th wave.

Shown on the chart are:
- confirmation of a high - 2.372 level
- possible target for the 4th wave - 2.272 - 2.056 range (please estimate R/R should you want to trade possible extensions)
- the ideal target for the 5th wave - 2.709 - 2.864 area.
- invalidation level for the 4th wave count - 1.989

BaseCase - NGU20 - Primary Micro - Aug-18 1539 PM (1 hour)
BaseCase - NGU20 - Primary Micro - Aug-18 1539 PM (1 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.