UBER - LONG
- Broke Triangle
- 4 day balance zone, im going to quote these long drug balance zones/triangles as a "trickle charge," especially if this plays out how I think it will. Buyers and sellers fighting in this zone, slowly charge up a strong movement to the down or upside to ultimate victory for one side (short sellers or long sellers). This is the current state of UBER and it looks to me as if the bulls have won and we should see one swift move to upside.
- Confluence between resistance and longer term trend line makes for a good profit target with really no solid resistance in-between.
- Good entry will be the break above the last 30m candle(60.85), setting the stop loss at the upper channel of the triangle.
- Broke Triangle
- 4 day balance zone, im going to quote these long drug balance zones/triangles as a "trickle charge," especially if this plays out how I think it will. Buyers and sellers fighting in this zone, slowly charge up a strong movement to the down or upside to ultimate victory for one side (short sellers or long sellers). This is the current state of UBER and it looks to me as if the bulls have won and we should see one swift move to upside.
- Confluence between resistance and longer term trend line makes for a good profit target with really no solid resistance in-between.
- Good entry will be the break above the last 30m candle(60.85), setting the stop loss at the upper channel of the triangle.
Comment:
"Trickle charge" BLASTED down not up. Looking for a gap fill down