$UBER: breakout with retest setup Weekly candle
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(Total Views: 73)
Posted On: 05/02/2025 6:50:41 PM
$UBER: breakout with retest setup
Weekly candle is strong and above the 1.0 fib (86.49) — bullish momentum with volume.
Daily broke above prior highs around 82–83 with follow-through.
A healthy pullback to retest the 80–82 zone (prior resistance turned support) is a textbook move.
???? Bullish Target Path (after retest confirmation):
86.49 → retest done
Next:
93.88 (1.272)
97.73 (1.414)
103.27 (1.618)
113.65 (wave 2 fib extension)
???? If price holds 80–82 on retest with a bullish candle (like a hammer or engulfing), that’s your signal to go long with strong RR targeting those extension levels.
https://x.com/MMTAlliance/status/1918426731549212812
Weekly candle is strong and above the 1.0 fib (86.49) — bullish momentum with volume.
Daily broke above prior highs around 82–83 with follow-through.
A healthy pullback to retest the 80–82 zone (prior resistance turned support) is a textbook move.
???? Bullish Target Path (after retest confirmation):
86.49 → retest done
Next:
93.88 (1.272)
97.73 (1.414)
103.27 (1.618)
113.65 (wave 2 fib extension)
???? If price holds 80–82 on retest with a bullish candle (like a hammer or engulfing), that’s your signal to go long with strong RR targeting those extension levels.
https://x.com/MMTAlliance/status/1918426731549212812
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