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GLOBAL X FDS URANIUM ETF

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URA trade ideas

Uranium down until at least 03-Jul-2023We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time. Destination for wave E is in the green box 1. is after july 3rd 2. near the gap from early 2021 3. between the .786 and 1 fib After target is reached, we should have a strong bull market for years to come
AMEX:URAShort
by shamgar331
1
(URA) Uranium ETF Monthly OutlookExpecting a breakout in March/April 2023 as the price is beginning to touch spiral support. A sideways support structure is being built. If the spiral is broken expect the orange spiral to act as support. Otherwise, price should begin to be attracted to the red overhead resistance spiral. This is a long-term outlook. Bullish: 46 is the next level of resistance (2023-2024), and once cleared 63-69 zone is on deck (2025-2027). Bearish: Price fails the current support spiral, falls to $12, and then price works back to the green spiral. Holding the current support spiral is key.
AMEX:URALong
by GannJourneyman
Uranium ETF Wave ForecastAMEX:URA URA, the Global X Uranium ETF has completed the first wave of an impulse move, and is in the process of completing a Wave 2 correction. Wave 2 appears to be a complex correction consisting of two corrective patterns. (Zig-Zag + Triangle) The triangle is still in the process of completing it's structure. (I also want to note the possibility that wave 2 has already completed a flat correction and that the triangle shown in this chart could be wave 1 & 2 of the 3rd wave of larger degree.) Either way, price should begin rising sharply within the next month or two as it completes the triangle correction and begins Wave 3. Or in the case that Wave 2 is a flat, Wave 3 of 3 could already be on it's way. I've used a Modified Schiff Pitchfork to form a channel for the rest of this impulse move. I've kept these projections pretty conservative, the actual move could be much larger. Wave 3 is a 1.618 extension of Wave 1, and Wave 5 is only slightly larger than Wave 1. (Wave 5 = .786 of Wave 3, compared to Wave1 being .618 of Wave 3) Being that Wave 2 is a complex corrective pattern (zig-zag + triangle), I've projected Wave 4 as a flat correction. (If Wave 3 begins very soon, it would be likely that Wave 2 was actually a flat. If this is the case, expect Wave 4 to be a Zig-Zag) Disregarding any wave structure, price has formed a giant bull flag. I'm going to be purchasing some long-dated call options on URA once price breaks out of this bull flag and begins Wave 3. My conservative targets are Wave 3 = $60 and Wave 5 = $77 Fat_Fat
AMEX:URALong
by Cousin_Fat_Fat
3