UBER completed the (B) wave (lilac B) of a simple zig-zag correction (3-3-5); now it is heading up to the red box to complete the lilac C. The lilac C will be structured as a 5-wave impulsive move to the upside. After that lilac C completes UBER should target new lows.
Trade closed: target reached
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Indexes are very close to topping, longs should start looking for areas to exit. Traders should begin looking for high quality levels to short starting early to mid next week.
So, I look two months back to your chart... and you seemed to be right. So , where are we today monday 01st June..??
JayOneHundred
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This was a GREAT shout. Any insight to a buy back in level? :-D
vergun
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@JayOneHundred, safe to wait for the upcoming second wave of sell offs to bottom; the broad market will make all stocks rise/fall with it to varying degrees.