Im bullish on $UUUU Unless we break back under the consolidation level. With all of this war going on and XLE breaking 8 years of downtrend I believe energy sector is the next pump and $UUUU is showing wyckoff accumulation that cannot be ignored. I will be buying $UUUU from sub $3-6
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appears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
The bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back...
Working with my own TA and using measured moves in both price and time, bar counts and scaled angles per timeframe.
I am using as well as the 2 major parts: starting fib levels NOT AT MAJOR LOWS...
These are usually banks ripping people off to buy the dip and cause a rip. Resistance breaking bullish uptrends forming anew uptrend because of many factors, one of...
I love the fundamentals on Uranium , especially since the war in Ukraine , Europe's new realisation that it has to be more independent for energy and the push for the west to go Green. Its the perfect set up , couple this with supply and inventory limitations the price of Uranium will have to increase over the years to bring on new supplies , ~$70 spot.
I plan...
UUUU approaching cluster support area! good chances we bounce here but be ready to play downside just incase it doesn't ;)
long trigger at 8.85, short trigger 7.41
