This might be it. Be prepared. Hopefully we can reach the upper band of the cylinder soon.
If this turns out to be a massive bullflag; which I might add is very possible given the insane fundamentals of Uranium - This is a potential path for URNM. Notice how many other charts show Livermore's Bullish Cylinder, which to an extent is still valid; this however is just another possible long stance on uranium.
The fundementals are too strong, we are clearly in a massive uptrend + energy crisis. very very possible.
-DXY forming a potential multi decade long inverse head and shoulder & or a triple bottom. -We have broken the angled resistance and gone through consolidation. As a result, we have moved up in a parabolic fashion. -I anticipate continued strength up untill "Zone 2" in which we will experience consolidation & volatility for a good duration of time in the range...
Clean Move to 2.20 if FED meeting raise .75 bps, should hedge incase of 100 bps
third attempt to break resistance = high probability to occur (+ supply and demand dynamics very skewed & fundementals are good.) Break the second resistance and its game.
Livermores bulllish cylnder? maybe. looks pretty similar meetsm certain critereas, oil inventories lookin bleak, opec running out of spare capicity, production capicity almost full, esg potentially making oil obselete = no incentive for more production.
Its the coal bowl. Potential Golden cross on the weekly. Coal & Energy Bullish. Cup and Handle. .618 Breakout & Retest Company Fundamentals are top notch. Let it rip.
Possible MacD interaction Mad Volume Long Time frame Cup & Handle Weekly 50EMA & 200EMA Cross (Golden Cross) Oil is Bullish Company is unhedged to Oil Prices (Is Risky but can also reap inverse rewards) However, be aware that the stock has ran up an significant amount and also that market downturns can deteriorate, delay or invalidate the move.
Will ATH break out its consolidation for continued upside? hopefully.