UBER Bearish ABCD
Updated
Currently watchin UBER, I am aware that an ABCD pattern could not play out but its my educated guess.
I did two scenarios even though we could have others, fist scenario would be:
.5 fib to 2 fib levels which is label in orange
the next scenario
.618 fib to 1.618 fib levels which are label in white
Could be a long play and just waiting confirmation
I did two scenarios even though we could have others, fist scenario would be:
.5 fib to 2 fib levels which is label in orange
the next scenario
.618 fib to 1.618 fib levels which are label in white
Could be a long play and just waiting confirmation
Note
As we have seen we had a nice push toward the upside from that AB=CD bearish pattern, but within the pattern we did have a nice Shark, it did ended up breaking the HOP but had a nice reversal on the .618 of the ABCD pattern.
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