GX Uranium ETF (URA) Elliott Wave technical analysis [Video]

GX Uranium ETF (URA) Elliott Wave analysis

Function – Counter trend

Mode – Corrective

Structure – Impulse for wave A (circled) Position – Wave (4) of A (circled) Direction – Wave (4) is still in play Details – A bearish impulse from 33.69 is emerging for wave A (circled) and we should see further decline. Overview of GX URA ETF The GX URA ETF, also known as the Global X Uranium ETF, is designed to reflect the performance of companies operating within the uranium industry. This ETF offers investors a diversified portfolio that includes firms engaged in uranium mining, exploration, and production on a global scale. As nuclear power is increasingly recognized as a cleaner energy alternative, the potential for increased uranium demand grows, making the GX URA ETF an attractive option for investors looking to capitalize on the sector’s growth. Daily chart analysis Analyzing the daily chart, the […]

Click here to view original web page at www.fxstreet.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.