Currently watchin UBER, I am aware that an ABCD pattern could not play out but its my educated guess.
I did two scenarios even though we could have others, fist scenario would be:
.5 fib to 2 fib levels which is label in orange
the next scenario
.618 fib to 1.618 fib levels which are label in white
Could be a long play and just waiting confirmation
I did two scenarios even though we could have others, fist scenario would be:
.5 fib to 2 fib levels which is label in orange
the next scenario
.618 fib to 1.618 fib levels which are label in white
Could be a long play and just waiting confirmation
Note
As we have seen we had a nice push toward the upside from that AB=CD bearish pattern, but within the pattern we did have a nice Shark, it did ended up breaking the HOP but had a nice reversal on the .618 of the ABCD pattern.
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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.