Uber 10/18 Analysis
UBER: Elliot Wave 5 Still Intact - High Watch
Had A Nice Little Retracement Last Week & Bounced Perfectly Where It Needed To In Order To Keep Wave 5 Valid. Looks Great On Larger Timeframes; Weekly & Stochastic Bullish, Smaller Timeframes 2HR & Under Leaning Bearish As Long As 46 Holds We're Good To Go For Next Leg Higher! We Have A Demand Zone Between 47.30 - 47.05 - BTD If We Find Support Around These Regions! Be Aware Of The Multiple Supply Zones Between 49.50 - 50.80 - Large Choppy Region.
Had A Nice Little Retracement Last Week & Bounced Perfectly Where It Needed To In Order To Keep Wave 5 Valid. Looks Great On Larger Timeframes; Weekly & Stochastic Bullish, Smaller Timeframes 2HR & Under Leaning Bearish As Long As 46 Holds We're Good To Go For Next Leg Higher! We Have A Demand Zone Between 47.30 - 47.05 - BTD If We Find Support Around These Regions! Be Aware Of The Multiple Supply Zones Between 49.50 - 50.80 - Large Choppy Region.
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