Any chart that isn’t tracking this is wrong. Breakout confirmation can be closer to 36.65 but ~$37 is sufficient. Price will target 1.618 fib level if valid.
Note
I don’t foresee much more downside.Note
For anyone tracking my Uber ideas, Uber’s price reached my first target, and I expect a retracement to a price between $35 and $39. I don’t think the ~$39.5 retracement that happened after hours yesterday was enough, especially given, from what I’m tracking, that yesterday’s rally happened with low volume. After retracement, I’m targeting $68+.Note: For this idea, $47 remains a target, but, perhaps, consider hedging.
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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.