hi traders
we are analysing the weekly chart of Uber Technologies Inc. (NYSE:UBER), where we observe a significant technical structure forming.
We see the price moving within an ascending channel, indicating this macro uptrend.
Currently, the price has reached the upper boundary of the channel, at $91 and we expect to see a potential rejection here.
The projected pattern on the chart shows a possible pullback which I have indicated.
Enter a long position when the price reaches the upsloping trendline (bottom of the channel)
Target: The upper boundary of the channel .
Stop loss: $60
we are analysing the weekly chart of Uber Technologies Inc. (NYSE:UBER), where we observe a significant technical structure forming.
We see the price moving within an ascending channel, indicating this macro uptrend.
Currently, the price has reached the upper boundary of the channel, at $91 and we expect to see a potential rejection here.
The projected pattern on the chart shows a possible pullback which I have indicated.
Enter a long position when the price reaches the upsloping trendline (bottom of the channel)
Target: The upper boundary of the channel .
Stop loss: $60
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.