Failed Channel Backtest
Updated
Uber gapped up (with the markets) to retest a 200-day trend channel it had recently lost, and the result was a failed test. Tomorrow will confirm an abandoned baby, a rare but powerful bearish signal. Trade is void if open is not below today's range.
Trade active
no abandoned baby; however, the channel backtest is confirmed. Entering trade today at 49.17
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.