$UBER Performing in a Sym. Triangle - Breakout soon
On the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon as the price breaks out of the triangle and uses it again as a backtest on the spring/ weekly level again. important: Watch for confirmation!
Performance Rank based on Bulkowski during in a bull market: 16 out of 23
Break even failure rate: 9%
Average rise: 31%
Change after trends end: -31%
Volume trend: Downward
Throwbacks: 37%
Percentage meeting price target: 66%
Thank you!
Performance Rank based on Bulkowski during in a bull market: 16 out of 23
Break even failure rate: 9%
Average rise: 31%
Change after trends end: -31%
Volume trend: Downward
Throwbacks: 37%
Percentage meeting price target: 66%
Thank you!
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