Sharing my primary chart as discussed on my YouTube video today. For full details, please watch that YouTube video. Can be found on my Twitter.
Uranium stocks have seen a massive volume pick up in recent months. I don't necessarily believe these are instant buys, but I believe that we will see a massive move up once the correction completes. Pay attention to this market. If you see bullish news start coming out, it's time to HODL.
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While they told you to buy, I told you that you may want to wait! I will only be buying a break of the downtrend.
Well done. Phenomenal so far. Still the same count?
ThePuma
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@Azymetry, appreciate it. Yes, same count. Definitely don't see a reason to change yet.
ThePuma
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Break and consolidation over the blue line would be bullish and I'd expect the correction to be over. Otherwise I'm patiently waiting.
Azymetry
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@SeanNance, Well done. Love your chart. Mine is looking like this.Will likely have to adopt your count if I lose the bottom trendline.
ThePuma
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@Azymetry, in my opinion, your C is too quick to be complete or nearing completion. If it's going to form a triangle then I think C is just getting started. However, that upper trendline for me will be a key. Any break above could signal long entry.
Azymetry
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Agreed for sure. This one might take a while to play out. Wouldn't you say the bullish structure is invalidated below 2.48? I find it hard to believe a move to the 2$ region and a comeback from it!
ThePuma
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@Azymetry, for me, as long as we hold above the highs at 1.6 I assume we are still in impulse mode.
ThePuma
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@Azymetry, Still think it's a triangle? I expect we'll see some kind of relief as a B of (Y) soon.
Azymetry
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@SeanNance, Jesus christ Sean.You KILLED it.
ThePuma
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@Azymetry, Haha thanks. Cant buy on this dump though. Dang!