I do agree that DYL looks pretty identical to the price of URA...

I heard a saying "this time usually never is" and I have felt that during my trading career haha so I always manage expectations and approach it with a "If A were to happen, then B is likely" scenarios.

I do agree that DYL looks pretty identical to the price of URA Spot Price which has shown resistance several times throughout the years at $28.42 zones

Considering the Spot price is at $26.16, this puts it right in the MIDDLE of a range with the high of $28.42 and the low of $24.25 therefore prices can do anything it pleases. Very hard to read a direction when it is like this. The pattern is also similar to many pump n dumps. After hitting the resistance it dropped for several days. I know this to be very similar to Tim Sykes' 1st Red Day Pattern followed by a #4 Bounce pattern in his 7 Step Framework about Pump N Dump Patterns.

Many people short the 1st Red Day especially into a clear level of resistance as URA has shown. Naturally, people bought the dip on it from both longs, aswell as shorts covering. We are yet to see where it fails, as last weeks action shows that it did try pushing near $27 producing a tail of profit taking. So long as the URA Spot price shows selling pressure/profit taking aswell as shorting then we know DYL will also react accordingly in respect to the prices.

This is why for me personally I am really cautious on any longs into this extended move. We will find out where it wants to head in due course. I personally AVOID mid-range. DYL therefore is on my watchlist closely for any directional queues it may give! GLTAHz who've done incredibly well thus far

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