Here is a Macro break and retest weekly level with a Micro Bull flag below the 4h level showing us tomorrows move will most likely be bullish. Be cautious of bearish move/gap at open due to the high sell volume at close and be be patient for clear entry. Nothing is 100% in the markets.
Simple bull flag on UBER. Day trade and/or small Swing trade. Use a % stop loss or last 10m candle before breakout @ green line . Trim majority at high and let runners run afterwards. Should go 100%+ if contracts are within a week of expiration.
UBER had a massive price jump yesterday after the upbeat earnings and is approaching Resistance 1 (37.50), which rejected the February 08 High. That was the last Higher High of the Channel Up pattern that started after the June 30 bottom.
We expect this trend to continue for a new Higher High at 39.00. If we get a 1D candle close above the Channel Up, then we...
Uber Technologies (UBER) broke today above the Bull Flag pattern os September and at the same time the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). By doing so it reached the 1W MA50 (red trend-line) for the first time since September 15 where it had an emphatic rejection.
Today's break-out is major as the 1D RSI also broke above its Lower Highs...
