Uber Among Us

Might be difficult for Uber fans to find this chart because I had to overlay Uber on a cryptocurrency chart to have the time scale include all days of the week.

Target price ranges between $63 and $90, but $66 is highly probably based on wedge, EW, and Fib as shown in chart.

Displayed in the chart is as follows:

• Wyckoff accumulation contained by a wedge having a pink top trend line and blue bottom trend line. Each of three touches to both trend lines is indicated by a pink or blue vertical line as appropriate. The green vertical line indicates when price high confirmed breakout above the wedge. Note: price close and low has yet to confirm breakout. Therefore, one could argue that Uber remains in accumulation.
  
• Elliott Wave leading diagonal wave 1 - bound by the orange channel, wave 2 - bound by the purple triangle, and part of a wave 3 that will likely be extended. So far, a lesser degree wave 1 and 2 have ended as well as a further lesser degree wave 1 and 2, indicated by the gold vertical line.
  
• Fibonacci levels based on price at beginning and end of wave 1 (13.71 and 38.78)
  

Feel free to follow, like, and even donate TV cash!

Comment:

Few corrections:

• The blue vertical line on 6 Nov ‘19 should be on 2 Oct ‘19.
  
• Based on EW, Uber is probably continuing to follow a leading diagonal cycle wave 1. Therefore, the orange channel in main chart probably bounds a primary wave 1 and purple triangle a primary wave 2. This chart shows the probable minor waves 1 and 2 of primary wave 3.
  
  

Comment:

For anyone tracking my Uber ideas, Uber’s price reached my first target, and I expect a retracement to a price between $35 and $39. I don’t think the ~$39.5 retracement that happened after hours yesterday was enough, especially given, from what I’m tracking, that yesterday’s rally happened with low volume. After retracement, I’m targeting $68+.