Incoming 50% collapse for Uranium?

This is a forecast through until the summer of 2026.

On the above 3 week chart price action has enjoyed a wonderful 400% rise from the bottom. A number of reasons now exist for a bearish outlook.

1) Price action and RSI support breakouts.

2) Regular bearish divergence. Lots of it. 10 oscillators print negative divergence with price action.

3) Almost all tradingview ideas are currently “long”. Remember the majority of traders, almost 95% of them, will lose money.

Is it possible price action continues to climb? Sure.
Is it probable? No.

Ww