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Sprott Uranium Miners ETF
Updated

URNM heads up at $53.55: Golden Genesis fib is decision point

215
Nuclear stocks have been exploding (lol).
This ETF has just hit a major landmark.
Recently proven Golden Genesis fib here.

It is PROBABLE we orbit this a few times.
It is POSSILBE that we break and continue.
It is PLAUSIBLE for a lower high of the top.

$ 53.55 is the exact level of interest.
$ 49.43 is first support, 46.88 stronger.
$ 60.22 is next target if break and run.

See Related Ideas below for other Nuclears.

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Trade active
PING
snapshot
from "Give me a ping Vasilly, One Ping Only".

And my rule:
"Not every Ping starts a Reversal,
but Most reversals start with a Ping".

Probably not a complete reversal.
But a dip is certainly in progress.

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Trade closed: target reached
PING (or should I say PONG)
snapshot
PERFECT fib-to-fib move and confirmation of them.
Scalpers to close shorts, holders might add here.
Also good to move Stop Loss to just below this fib.

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EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
FibonaccigoldenratioSupport and Resistance

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonaccigoldenratioSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.