UUUU Head & Shoulders Formation

UUUU formed a nice looking ascending head and shoulders formation and we saw the neck line break on January 13th. The head and shoulders formation most commonly indicates a reversal, but in this case we could see similar price action as March through April of 2021. However, as the overall market has been performing poorly it is likely we see further downside to support at $6.42.
Energy CommoditiesHead and ShouldersTrend AnalysisuraniumUUUU

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