TraderDaddyOG

LEU - Updated Analysis after nice bullish movement and reversal

Long
BATS:LEU   Centrus Energy Corp.
We've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout.

So here I am going to allow us to come back and retest white if that's what price wants to do - if it does I will add to my swing position there, and once we break out of teal tapered selling, we have some nice room up to our retest and attempted breakout of magenta/red tapered selling.

That will be the real test and for that breakout we will need to see our strongest purple and yellow algorithms be in control to break out of there.

Hope this was helpful - as always, feel free to ask further questions on any of my analysis either in the comments or in a personal message to me.

Have a great day all and...

Happy Trading :)

- TraderDaddyOG

Partner & Managing Director
TraderDaddy | The Forex & Options Trading Academy
One-One Trading Mentorship
TheTraderDaddy.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.