$UBER short defense
This weekly chart shows a bigger picture perspective on my prior short call.
The bullish BOS from top 1 was not met with contnuation but rather with weakness
now lasting several weeks. The past few weeks have seen more selling pressure
than buying pressure in my opinion. In the large channel I can see price rotating
down to at least the swing low indicated as the TP. Also note the MACD bearish
divergence if you are into oscillators. Merry Christmas!
The bullish BOS from top 1 was not met with contnuation but rather with weakness
now lasting several weeks. The past few weeks have seen more selling pressure
than buying pressure in my opinion. In the large channel I can see price rotating
down to at least the swing low indicated as the TP. Also note the MACD bearish
divergence if you are into oscillators. Merry Christmas!
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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.