Uber is giving one of my favorite swing setups — a shallow pullback into the “bone zone” (between the 9 EMA and 20 SMA) during a hot market.
🔹 Trend Continuation Play
Strong momentum stock pulling back right into the 20 SMA — not a deep retrace, just enough to reload.
In hot markets, I don’t wait for deep dips — I want tight consolidations into momentum zones.
🔹 The Bone Zone Setup
The shaded area between the 9 EMA and 20 SMA is where momentum stocks often base before the next leg up.
Price is respecting that zone perfectly — no breakdown, just controlled digestion.
🔹 Oversold Stochastics
Stochastics are in oversold territory — adds confirmation that this is a high-quality dip within a strong trend.
My Trade Plan:
1️⃣ Entry: Looking to start a swing position off the 20 SMA.
2️⃣ Add: On confirmation candle back above 9 EMA with volume.
3️⃣ Stop: Below 20 SMA lows — tight risk, strong reward if trend continues.
Why I Love This Setup:
Market’s hot — I want to ride strength, not fade it.
UBER is a trending name with institutional accumulation.
This pattern has worked again and again in strong tape.
🔹 Trend Continuation Play
Strong momentum stock pulling back right into the 20 SMA — not a deep retrace, just enough to reload.
In hot markets, I don’t wait for deep dips — I want tight consolidations into momentum zones.
🔹 The Bone Zone Setup
The shaded area between the 9 EMA and 20 SMA is where momentum stocks often base before the next leg up.
Price is respecting that zone perfectly — no breakdown, just controlled digestion.
🔹 Oversold Stochastics
Stochastics are in oversold territory — adds confirmation that this is a high-quality dip within a strong trend.
My Trade Plan:
1️⃣ Entry: Looking to start a swing position off the 20 SMA.
2️⃣ Add: On confirmation candle back above 9 EMA with volume.
3️⃣ Stop: Below 20 SMA lows — tight risk, strong reward if trend continues.
Why I Love This Setup:
Market’s hot — I want to ride strength, not fade it.
UBER is a trending name with institutional accumulation.This pattern has worked again and again in strong tape.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.