KIV ( Uranium Producer ) Priced in USD
The leading diagonal from early 2009 ( at $ 0.029 ) to early 2011 ( at 0.928 ) forms the first wave and speaks about a bright future for KIV.
The second wave is corrective three ABC structure, the farthest end is at $0.105 ( the extreme of wave (2) of the first wave.
Wave C has three pattern labelled 1-2-3 and can extend to become 1-2-3-4-5 all bounded by the channel on the right side of the chart.
Long position entry area in range $0.11 - $0.14 to ensure that wave C pass wave A end to the downside.
Wave three has the projections :
$2.35 ( Fibonacci level 2.618 of wave one )
$3.78 ( Fibonacci level 4.230 of wave one )
$6.10 ( Fibonacci level 6.840 of wave one )
If you go long at $0.14 and keep up to the first projection at $2.35 you will have a gain of 1578.57%.
The second wave is corrective three ABC structure, the farthest end is at $0.105 ( the extreme of wave (2) of the first wave.
Wave C has three pattern labelled 1-2-3 and can extend to become 1-2-3-4-5 all bounded by the channel on the right side of the chart.
Long position entry area in range $0.11 - $0.14 to ensure that wave C pass wave A end to the downside.
Wave three has the projections :
$2.35 ( Fibonacci level 2.618 of wave one )
$3.78 ( Fibonacci level 4.230 of wave one )
$6.10 ( Fibonacci level 6.840 of wave one )
If you go long at $0.14 and keep up to the first projection at $2.35 you will have a gain of 1578.57%.
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