Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
UBER has been stuck inside a big range between the 27.0 support and 40.0 resistance.
🏹 If we retest the green support again, we will be looking for trend-following buy setups on lower timeframes
For the bulls to take over long-term, we need a weekly candle close above 40.0 resistance. Then we can expect a long-term shift in momentum from bearish to bullish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
UBER has been stuck inside a big range between the 27.0 support and 40.0 resistance.
🏹 If we retest the green support again, we will be looking for trend-following buy setups on lower timeframes
For the bulls to take over long-term, we need a weekly candle close above 40.0 resistance. Then we can expect a long-term shift in momentum from bearish to bullish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich