Live monitoring of the Descending Triangle setup on UBER. See where price is heading.
Bearish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
A clear signal has emerged for Uber (UBER) on the daily chart. With a last close of $73.92, volatility remains active (-0.91%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $80.83, targeting $93.2 with support near $74.65 (R:R 2.0).
What is your outlook on UBER?