This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
The head and shoulders pattern is one of the most reliable trend reversal patterns.
After a Head and Shoulder chart pattern, UBER will now most likely test and bounce from the 38.80usd resistance that turned into support.
I`m looking forward to read your opinion about it.
Uber (NYSE:UBER) is starting to show some strength with high volume upsides and closed back above its EMA200 on the 4H chart at 51.52. With no resistance between $52.4 and $56.13, a break above the $52.36 level can see the stock trade in the $55 area pretty soon. Have this on your watchlist.
This usually occurs when a security’s price has been rising over time
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal. While price can be out of either trend line, wedge patterns have a tendency to break in the opposite direction from the trend lines.
Therefore, rising wedge...
💰 LET'S GET INTO SOME UBER ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Man I wish I would of had checked this one on the daily chart about a week ago. Beautiful crossover Crossover ema dots played out. No worries, let's catch the new wave!
- We are getting a red Crossover...
Capitulation followed by massive volume at around $25.50.
Double bottom circled in green.
Gap to be filled around $41.
Small gap to be filled circled in yellow.
Yellow trend-line with confluent are at the gap fill.
RSI has some room before it hits the yellow RSI trend-line reinforcing the idea of a gap fill n' go.
Fundamentally speaking, news co-founder has...
UBER has been on a strong downtrend since the IPO, the company has not yet turned a profit and expenses are through the roof with little hope to switch to the long side in the near future. To add to that the co-founder and previous CEO Kalanick continues to dump shares, another +$160 Million worth and the stock continues to trend lower while volume to the sell...