The World is Not Quite Ready for Uranium

B wave of correction made it past the .61 which is why I believe we're in a flat correction with a weak B wave, only getting to the .78. Thus, I would expect to see five waves down in this last leg.

Targeting .61 minimum. There is confluence though at the .78 with wave C of the flat potentially reaching a 1.6 of wave A. Additionally fits well with the wave 2 of initial impulse. Currently just continuation of trend.

Uranium not quite ready for trend change. When it is though, I'd be expecting some serious moves.

Note, This is simply an observation and should not be considered as advice to buy or sell.

Good luck out there.