# Uranium ETF (URA) — Elliott Wave count, Nov 6, 2026

Uranium ETF (URA) Elliott Wave count at the Nov 6, 2026 close (price 32.34): the called count is cycle II (double zigzag) down. It is invalid above 62.28. On the daily chart, intermediate (C) of Y down from $50.09 (2026-08-26), in progress (minor 5 live, low $30.40), targeting 23.75 (invalid above 50.09).

Source: https://elliottwaveatlas.com/markets/ura · Data: https://elliottwaveatlas.com/data/markets/ura.json

## Called count
Terminal: cycle I complete at $62.28 (extended fifth). Invalid above 62.28.

Structure: I: 1 $6.95 (2020-03) -> $12.59 (2020-09); 2 -> $10.51 (2020-10); 3 -> $31.60 (2021-11); 4 -> $17.65 (2022-07); 5 -> $62.28 (2026-01). II.

What comes next: minute v completes toward $29.44-$28.73, then cycle II continues to at least.

## Levels by timeframe
| Timeframe | Degree | Wave | Target | Invalidation | Time window |
|---|---|---|---|---|---|
| Monthly | Cycle ↓ | cycle II down from $62.28 (2026-01), in progress as a double zigzag (W $44.76, X $58.97, Y live) | 20.8–26.95 | 62.28 | — |
| Weekly | Primary ↓ | primary Y of cycle II down from $58.97 (week of 2026-04-20), in progress as a zigzag | 24.83 | 58.97 | — |
| Daily | Intermediate ↓ | intermediate (C) of Y down from $50.09 (2026-08-26), in progress (minor 5 live, low $30.40) | 23.75 | 50.09 | 2026-12-01 → 2027-01-29 |
| Hourly | Minor ↓ | minor 5 of (C) down from $42.46 (2026-10-06 13:30 ET), in progress (minute i $38.09, ii $39.15, iii $33.36, iv $36.57, v live, low $30.40 2026-11-05 11:00 ET) | 28.19–29.44 | 42.46 | — |
| 15-minute | Minute ↓ | minute v of 5 down from $36.57 (2026-10-28 15:45 ET), in progress (minuette (i) $35.42, (ii) $36.31, (iii) $33.015, (iv) $34.89 | 27.52–28.73 | 36.57 | 2026-11-11 → 2026-11-20 |


## Recent changes to the call
- 2026-11-05: invalidated — cycle II (double zigzag) down
- 2026-10-16: new — primary 4 complete at $34.31, primary 5 begun

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