$UBER - Inverted cup and handle break down target 50% paid
In previous chart I had published that Uber was playing out inverted cup and handle with maximum break down target of $28 area.
Now it has paid 50% of the break down target and filled the gap that was left in Nov 2020 at $36.15 area. 50% is some cases the reversal can happen.
Can it happen? Who knows?
If this area does not hold, it can break down to $32.50 area. For both bulls and bears, areas to watch for support and reversal areas are -
Support 1 - $36 (50% breakdown)
Support 2 - $32.50
Support 3 - $28
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Now it has paid 50% of the break down target and filled the gap that was left in Nov 2020 at $36.15 area. 50% is some cases the reversal can happen.
Can it happen? Who knows?
If this area does not hold, it can break down to $32.50 area. For both bulls and bears, areas to watch for support and reversal areas are -
Support 1 - $36 (50% breakdown)
Support 2 - $32.50
Support 3 - $28
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.