Good day merchants. Welcome to a different weblog put up the place we talk about commerce setups shared with Elliottwave_Forecast members. On this one, the highlight can be on Pure Gasoline.
On the weekly chart, Pure Gasoline accomplished the third wave of a long-term bearish cycle in March 2024, forming an impulse wave that began in August 2022. In consequence, from the March 2024 low, a brand new long-term bullish cycle started. This cycle might final for a number of years and should push costs effectively above the $10 mark. Nevertheless, whereas an impulse sequence is predicted from March 2024, merchants and buyers ought to anticipate no less than a three-wave bounce. The primary sub-wave — an impulse construction — began on the March 2024 low and accomplished on the 2025 peak.
In accordance with Elliott Wave Principle, a three-wave correction normally follows a five-wave advance. That’s precisely what is going on now. The pullback from the March 2025 prime seems corrective and may finish above the March 2024 low. Subsequently, our focus over the previous few months has been on this corrective cycle from March 2025.
From our weekly and day by day chart updates, we recognized a double zigzag corrective sample unfolding from the March 2025 excessive. Wave (W) resulted in April 2025, and wave (X) resulted in June 2025. Thus, we count on wave (Y) to increase towards 2.10–1.619 to finish all the bearish cycle.
Wave A of (Y) ended with a five-wave construction beneath the April 2025 low (wave (W) low). Then, a corrective bounce adopted. When that bounce started, we defined within the dwell buying and selling room why we most well-liked to promote on the excessive for wave B of (Y). As soon as the bounce matured, we shared the H4 chart replace on October 6, 2025.
Pure Gasoline Commerce Setup – 10-06-2025
On sixth October, 2025, we shared the chart above. Wave B emerged larger as a easy 3-wave zigzag construction. We establish the intense zone at 3.347-3.705 to members. Within the dwell buying and selling room and day by day technical movies, we advisable to members to go brief for a brief time period counter-trend commerce (bear in mind, NG is in a corrective part).
Pure Gasoline Commerce Setup – 10-16-2025
On October 16, 2025, we shared the chart above with members, exhibiting a bearish response from the marked excessive zone. At that time, a five-wave decline was creating and nearing completion. Members within the dwell buying and selling room had already taken partial earnings on the first goal and moved the remainder of the place to breakeven. This step ensures a risk-free commerce in case a robust bounce follows, as corrective markets can typically seem full earlier than extending additional.
Supply: https://elliottwave-forecast.com/commodities/natural-gas-sellers-booked-profits/