# **Natural Gas (NG1!) – Entering a Bullish Cycle?**

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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.

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