The price of uranium has moved significantly higher over the past few days, approaching the expected high of the turquoise wave 2. As a result, we expect the price to begin a longer-term downtrend in the not too distant future This is necessary in order to form the superior green wave (C), the end of which we see likely just above the support at $12.17. The focus now is to ensure that the price does indeed form a top and does not continue to rise. There is a 39% probability that the alternative scenario will materialise and the bullish trend will continue if support at $17.96 is breached.
