U.UN 27/05/25 Update From the lows price has formed what looks like an impulsive wave which I have labelled as red 1, I’ll be looking for a pull back now in red 2. A typical target zone I will look for will be $20 - $20.87 which is the 50 - 61.8% fib retracement zone of red 1. more comments on the chart. published idea Idea: U.UN Sprott Physical Uranium O… tradingview.com/x/b28TjWK7/
U.UN Since the last update the chart has consolidated a little further and extended the ending diagonal lower. The chart moved down toward the top of the yellow zone which represents a measured move target of yellow (W) and has reversed higher, I have also added the red 1.618 extension of red A to the chart, this could potentially mark the low of red C which bounced exactly at that point. The chart needs longer to develop before we can say the low is in, but once upside resumes, I will be looking for around $36 before a reasonable pull back.
U.UN Looking for U.UN to have progressed higher in 3 waves, with current price action potentially being in the later stages, if not already completed, of a WXY pull back. Watching for a reversal and breakout to form, after which another 3 wave move higher could unfold. Simlar view on YCA. published idea here Idea: U.UN Sprott Physical Uranium O…
U.UN 27/05/25 Update
