Uber has made another attempt to break through resistance at $94.10 – a move that was briefly successful – but persistent downward pressure prevented a sustained breakout. We still expect the stock to move decisively above the $94.10 level to establish the high of turquoise wave 3; only afterward do we anticipate a more significant pullback. However, there remains a 35% probability that Uber has already completed turquoise wave alt.3 with its highest peak above $94.10 so far, and could next decline into our turquoise alternative Target Zone between $65.94 and $57.24 during wave alt.4.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.