Just cast my eyes at this stock as it's been in the news lately. As ever with EW I am just considering possibilities of which perhaps these two counts are. Both suggest another wave up although of differing lengths.
Published a couple of ideas on this Uranium stock back in 2018 and in May this year with both of them playing quite nicely to the script. The recent pattern from the low looks like a 5 wave impulse pattern to me so I will be keeping a close eye on this stock to see if it wants to continue this uptrend any time soon.
The red count suggest the top is in and we could be looking at a decent and prolonged correction. The blue count however suggests that we may undergoing a 4th wave correction and can still look for a 5th wave higher after a deeper correction. The 61.8 fib retracement aligns with the previous 4th wave.
Just glanced at this stock this evening and had a go at putting a count to it. Not putting much weight behind this one as calling tops in stocks rocketing like this one is usually a fools errand. Still, will be curious to see what happens.....
This index has been heading up in almost a straight line since the "Covid panic" and this count would suggest it has a considerable way to go. Is there going to be a decent pullback or correction or is this just going to shoot to the moon....?
Not sure at all what is going on in any longer term time frame.....the beginning of a longer term downtrend for the USD or just a corrective move before the uptrend resumes.....but in the shorter term is this a viable possibility for the Dollar?
Another investment trust that has been in the news in the UK as the manager was holding way too many Wirecard shares. To me though it presents an interesting chart from a Elliott Wave perspective. Has wave 5 begun already? Or has wave 4 just finished the first leg of a deeper correction and ongoing correction? However, whichever way I look at it, it suggests to...