LEU – Elliott Wave correction within a Stage 4 regime
By:TradingView
LEU Centrus Energy appears to have completed a clear five-wave impulse from the 2024 base into the 2025 peak near $460. Since that high, price action has shifted into a corrective phase.
Elliott Wave structure
The decline from the top is currently developing as a potential ABC correction:
• Wave A: ~$460 → ~$220
• Wave B: rebound toward ~$330
• Wave C: now developing
Wave B retraced roughly 38–50% of Wave A, which is typical of a zigzag correction.
Key Fibonacci levels
Retracement of the entire impulse highlights two major levels:
• 61.8% retracement: ~$198
• 78.6% retracement: ~$126
Price is currently testing the $198 area, making this an important decision zone for the correction.
Stage Analysis perspective
StageAnalysis currently classifies LEU as Stage 4, which reflects:
• price breaking below the longer-term trend average
• weakening relative strength
In this framework, Stage 4 often overlaps with the Elliott Wave corrective phase, where rallies tend to be counter-trend until a new base forms.
What to watch
Two primary scenarios are developing:
Support holds
If price stabilizes around the $198 region, the correction may begin forming a base that could eventually transition into Stage 1 accumulation.
Deeper Wave C
If the $198 level fails decisively, the next major retracement sits near $126 (78.6%), which would represent a deeper completion zone for Wave C.
Longer-term view
Should a base form and the trend eventually shift back to Stage 2, Fibonacci extensions of the prior impulse suggest potential upside projections in the $770–$920 region over a longer horizon.
Summary
• Five-wave impulse completed near $460
• ABC correction in progress
• Key support: $198
• Deeper retracement: $126
• Current regime: Stage 4
Price action around the current support zone will likely determine whether this correction is nearing completion or still has further downside to develop.
Elliott Wave structure
The decline from the top is currently developing as a potential ABC correction:
• Wave A: ~$460 → ~$220
• Wave B: rebound toward ~$330
• Wave C: now developing
Wave B retraced roughly 38–50% of Wave A, which is typical of a zigzag correction.
Key Fibonacci levels
Retracement of the entire impulse highlights two major levels:
• 61.8% retracement: ~$198
• 78.6% retracement: ~$126
Price is currently testing the $198 area, making this an important decision zone for the correction.
Stage Analysis perspective
StageAnalysis currently classifies LEU as Stage 4, which reflects:
• price breaking below the longer-term trend average
• weakening relative strength
In this framework, Stage 4 often overlaps with the Elliott Wave corrective phase, where rallies tend to be counter-trend until a new base forms.
What to watch
Two primary scenarios are developing:
Support holds
If price stabilizes around the $198 region, the correction may begin forming a base that could eventually transition into Stage 1 accumulation.
Deeper Wave C
If the $198 level fails decisively, the next major retracement sits near $126 (78.6%), which would represent a deeper completion zone for Wave C.
Longer-term view
Should a base form and the trend eventually shift back to Stage 2, Fibonacci extensions of the prior impulse suggest potential upside projections in the $770–$920 region over a longer horizon.
Summary
• Five-wave impulse completed near $460
• ABC correction in progress
• Key support: $198
• Deeper retracement: $126
• Current regime: Stage 4
Price action around the current support zone will likely determine whether this correction is nearing completion or still has further downside to develop.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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