A possible Energy play.
I really like this chart which has behaved harmonically.
The Shark pattern hit its Target 1 with the Type 1 move. A pullback since (not a perfect Type 2 return) that has recently found support after hitting the bearish Gartley. This could be setting up for a move to the Shark Target 2 at 15.29 with a Type reversal move. Certainly a bullish (last) week closing with an engulfing candle. HSI popped !
A couple of things to look out for is the HOP level of the Gartley as that does present a potential BAMM scenario. Before that, we need to break and hold teh B point of the Garley (Red dashed line) for a possible attack on that T2. There is caution here, and that is we do not want to break down below the recent HSI as that could spell a bearish 5 0 pattern. The next few weeks should sign post all of this.
Given the fundamentals with regards to Nuclear power, the fundamentals on production costs versus the price per llb, and the futures pricing of Uranium does this present a LT opportunity?