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ThePuma
Mar 15, 2019 10:11 PM

UUUU Wave Analysis Long

Energy Fuels IncArca

Description

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.

Comment

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.
Comments
Azymetry
Well done. Phenomenal so far. Still the same count?
ThePuma
@Azymetry, appreciate it. Yes, same count. Definitely don't see a reason to change yet.
ThePuma
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
@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
@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
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
@Azymetry, for me, as long as we hold above the highs at 1.6 I assume we are still in impulse mode.
ThePuma
@Azymetry, Still think it's a triangle? I expect we'll see some kind of relief as a B of (Y) soon.
Azymetry
@SeanNance, Jesus christ Sean.You KILLED it.
ThePuma
@Azymetry, Haha thanks. Cant buy on this dump though. Dang!
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