Taking a brief look at the current Elliott Wave structure of Cameco Corporation, we notice the following:
A Zigzag structure is currently unfolding (5-3-5 substructure), this suggests that wave (c) = 61.8%, 100%, or 123.6% of wave (a).
If this structure is indeed valid, this bullish trend may last for several years, talk about a commodity supercyle.
Let us know about your thoughts in the comments below!
Cheers!
A Zigzag structure is currently unfolding (5-3-5 substructure), this suggests that wave (c) = 61.8%, 100%, or 123.6% of wave (a).
If this structure is indeed valid, this bullish trend may last for several years, talk about a commodity supercyle.
Let us know about your thoughts in the comments below!
Cheers!