LEU – Elliott Wave Correction Within a Stage 4 RegimeCentrus Energy Corp. Class ANYSE:LEUGazzyT LEU – Elliott Wave correction within a Stage 4 regime 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 appears to be developing as an ABC correction: • Wave A: ~$460 → ~$220 • Wave B: rebound toward ~$330 • Wave C: currently 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 trading below the primary trend average • Negative Mansfield Relative Strength (RS), indicating the stock is currently underperforming the broader market. In this framework, Stage 4 often overlaps with the Elliott Wave corrective phase, where rallies tend to be counter-trend until a [b>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 breaks decisively, the next major retracement sits near $126 (78.6%), which would represent a deeper completion zone for Wave C. Longer-term outlook If a base forms and the trend eventually shifts back toward Stage 2, Fibonacci extensions of the prior impulse suggest potential upside projections toward the $770–$920 region over a longer horizon. Summary • Five-wave impulse completed near $460 • ABC correction currently unfolding • Key support: $198 • Deeper retracement: $126 • Current regime: Stage 4 with negative Mansfield RS Price behaviour around the $198 support zone will likely determine whether this correction begins to stabilise or continues lower into a deeper Wave C decline.