Thinking 5 up is complete now. And soon we ABC down to the mid point. Retest that price area & then re analyze. The monthly & weekly still in a strong uptrend so an ABC after 5 up to retest support would be a bullish continuation pattern. But we must wait to see upon confirmation.
Similar to $CCJ in #uranium space, $UUUU is setting up a cup with handle. No often I post single digit stocks, but this is just below the $10 mark + strong metal momentum + strong volume on the right side makes it an appealing setup.
Thank you Putin, AOC, ESG, and the like. Uranium breaking out of multiyear consolidation.
$UUUU looks very strong. Pocket pivot with wedge break. Would look for an entry at the $6.90 range with a 5% stop.
Uranium will likely be a big winner for the foreseeable future.
looks like my Z wave is playing out for the UUUU here, to understand WXYXZ pattern is to know that a series of 3-3-3-3-3 wave patterns have evolved and they are sideways in the chart not compressed into a triangle which would rule the 3 wave pattern as an ABCDE. Now looking at the stoch RSI and also the standard RSI we can see they are both dropping from over...
Here is my detailed analysis on UUUU. I think we need to test $3.60 to finish the larger HTF Wave C. Please like the video and share it on your social media. Big Mike loves you all.
UUUU formed a nice looking ascending head and shoulders formation and we saw the neck line break on January 13th. The head and shoulders formation most commonly indicates a reversal, but in this case we could see similar price action as March through April of 2021. However, as the overall market has been performing poorly it is likely we see further downside to...
I am a bit late to the party on this one. But UUUU has a prior ATH of over $200. MONTHLY chart is starting what appears to be a strong uptrend. Weekly , Daily charts already look strong as well. Recent bounce off TL support (Yellow Line) which happens to also be Horizontal support (Green Line). Long Wick on yesterday's candle and todays break above Horizontal...
that is when many will be buying more we need to keep an eye on it follow
So full disclosure 1- I have no clue what i am doing and i am an unsophisticated trader 2- I got in @4.50$ after noticing the break out of a 12 year downtrend + increasing volume pretty basic stuff. Hope this one works out as planed... this one of my long term play . I will add to position on any decent dip. Uranium is hot it will melt faces. good luck to...
nice trend line that seems like to be holding for now
to the shown area before going higher too much has been made already by the whales time to unload before buying again follow
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Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are updated every day of the week and on...
Short since 8.90 2k shares, will stay short until 6.80... then long till 9.50 My first attempt at Elliot Wave Curious to see how it will play out AMEX:UUUU
update uptrend Another breakout's happened and I think it is a good breakout and triggered for buying .Good SL can be at 6
She'll be coming round the bullflag when she comes.... She'll be coming round the bullflag when she comes.... She'll be coming round the bullflag She'll be coming round the bullflag She'll be coming round the bullflag when she comes! A bit behind $DNN