NATGAS — The Diagonal Trap & The Second Wave Question

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NATGAS — The Diagonal Trap & The Second Wave QuestionNatural Gas FuturesMCX:NATURALGAS1!Mehdi_Abbasi_EWPThis count is built on Elliott Wave rules and the guidelines shown on the chart. I’m treating the first leg as a Leading Diagonal in wave (1) (compression, overlap, and the typical 5-3-5-3-5 rhythm). Inside a Leading Diagonal, waves 1/3/5 can look motive, but the whole structure is still a Diagonal, not a standard Impulse. Educational note (why there are two scenarios) The core question here is simple: is the post-diagonal correction a Zigzag or a Flat (especially an Expanded Flat)? That’s why two scenarios stay valid until price breaks the rules: A clean, direct correction favors a Zigzag. A fast sweep above the prior peak followed by a sharp dump often supports an Expanded Flat (liquidity grab behavior). Market psychology In diagonal/corrective environments, the market isn’t “trending” — it’s negotiating. It tests patience, hunts liquidity, and once structure is complete… continuation can appear suddenly and aggressively. The plan (only while the rules hold) Aggressive: correction is complete and price transitions into a new motive sequence after a clear break of the corrective rhythm/channel. Conservative: one more corrective rotation (Flat/Zigzag) before the larger bullish continuation. Invalidation / structure: the key invalidation levels marked on the chart are non‑negotiable. Without them, it’s not analysis — it’s a story. Patterns whisper. I listen. — Mr. Nobody