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![GDXTrader Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::175792847.png) $Trader [@GDXTrader](/creator/twitter/GDXTrader) on x 11.4K followers
Created: 2024-11-10 18:15:03 UTC

$FCUUF

$FCUUF is signaling bearish momentum as it develops a bearish pennant, a continuation pattern that often points to further downside if support doesn’t hold. 

Friday’s session closed with a bearish engulfing candle right at the pennant’s support, a strong indicator that selling pressure is mounting. 

The bearish engulfing candle, which fully overtakes the prior day’s range, shows that bears are firmly in control, pressing prices lower. 

The combination of the bearish pennant pattern and this engulfing candle at support suggests that sellers are actively pushing for a breakdown. 

If support gives way, it could lead to an accelerated pullback, with sellers capitalizing on the diminishing buying strength within this setup.

$UEC $DNN $URG $UUUU $NXE $CVVUF $PALAF $LTBR $URJN $URNM #URANIUM

![](https://pbs.twimg.com/media/GcCvFDwXQAEiroR.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1855675552931426485/c:line.svg)

**Related Topics**
[trader](/topic/trader)
[candle](/topic/candle)
[momentum](/topic/momentum)
[bearish](/topic/bearish)
[$fcuuf](/topic/$fcuuf)
[$trader](/topic/$trader)

[Post Link](https://x.com/GDXTrader/status/1855675552931426485)