Will Uber Ends its Correction and Begin a Reversal?
Updated
UBER seems to be in the last leg E of the expanding triangle ABCDE of the bigger wave (Y). I expect a bounce from the level 29.25 and we will see if it is the beginning of the impulse wave (3) in the bigger frame or it will continue its correction.Comment
We are pretty sure now that the (Y) wave ended at 28.50 as a corrective triangle. I like how Uber closed today forming a bullish "Engulfing Candle".In the coming days we are looking for how the impulsive wave would behave and confirm our idea.
Trade closed: target reached
Finally, we hit our target @ 34.46+ and soon I will post an updated count for the new evolved wave.
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