All,
Sorry literally had to post this on all the garbage Uber charts I've seen. Drawing some insane fib downward channel BS. This took me literally 5 seconds to make on a monthly chart just to prove how horrible some of these Uber predictions are. Not only is it literally bouncing on the major trendline Uber has and will actually cause it to move up rather quickly (assuming the market is semi bullish or sideways). I don't need any special fib or forecast into 2080. It's really simple which is why I opened today instantly at market open June 18th $55 call options. It was extremely obvious, but man did people have some wacked out drawings showing it falling below some trend line.
There is OBVIOUS trend support and OBVIOUS support sitting on opening highs which a confluence of support. This is going up unless the market tanks and breaks support in which you are NOT right about your garbage elliot wave theory, literally the market crashed through support. Wake up.
Rule#1 the larger pattern ALWAYS prevails. Stop looking at some 10min chart talking about some fib or Elliot wave that you don't even know how to use for god sakes.
Rule#2 Put away your garbage indicators and follow buyer and seller sentiment and THEN draw the pattern. Not force one into it.
Sorry literally had to post this on all the garbage Uber charts I've seen. Drawing some insane fib downward channel BS. This took me literally 5 seconds to make on a monthly chart just to prove how horrible some of these Uber predictions are. Not only is it literally bouncing on the major trendline Uber has and will actually cause it to move up rather quickly (assuming the market is semi bullish or sideways). I don't need any special fib or forecast into 2080. It's really simple which is why I opened today instantly at market open June 18th $55 call options. It was extremely obvious, but man did people have some wacked out drawings showing it falling below some trend line.
There is OBVIOUS trend support and OBVIOUS support sitting on opening highs which a confluence of support. This is going up unless the market tanks and breaks support in which you are NOT right about your garbage elliot wave theory, literally the market crashed through support. Wake up.
Rule#1 the larger pattern ALWAYS prevails. Stop looking at some 10min chart talking about some fib or Elliot wave that you don't even know how to use for god sakes.
Rule#2 Put away your garbage indicators and follow buyer and seller sentiment and THEN draw the pattern. Not force one into it.
Note
Confirming my point its going to work through this and break up soonTrade closed manually
$50 calls sold june 18th entry was around $45Note
Point proven. Case Closed.
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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.