Upstart Holdings (UPST) is forming a potential Wave (4) correction on the daily chart.
Here's the breakdown:
1. Support Zone: Watching $60.48-$61.75 (0.618-0.786 Fib retracement) for a possible reversal.
2. Upside Targets: If this zone holds, Wave (5) targets are $95.49 and $115.86.
3. Stop-loss: Set at $58.00 to minimize downside risk.
This setup offers a clean risk-reward opportunity, waiting for confirmation of support in the highlighted zone
Here's the breakdown:
1. Support Zone: Watching $60.48-$61.75 (0.618-0.786 Fib retracement) for a possible reversal.
2. Upside Targets: If this zone holds, Wave (5) targets are $95.49 and $115.86.
3. Stop-loss: Set at $58.00 to minimize downside risk.
This setup offers a clean risk-reward opportunity, waiting for confirmation of support in the highlighted zone
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@ TheStockWhale on Twitter / X
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.