Just an Elliot Wave idea for UROY.
This would fit well with a view that inflation will be persistent, and reflected in commodity prices over a longer period of time.
This would fit well with a view that inflation will be persistent, and reflected in commodity prices over a longer period of time.
Note
Here's a bearish alt. count. I lean this way, perhaps b/c I have trouble seeing how this triangle pattern is not complete, with the start of the impulse in the downward direction.Note
My count above - not the bearish one, but the bullish one (original post)- looks wrong. Up or down, the way I counted, at the very least, is incorrect. Please discount my work here. I'm still learning to apply elliott wave theory.
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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.