UBER - Active pattern is still pushing price down

21 Feb 2022

• Downward push from the key supply levels is relentless. despite good ER, rejected VWMA and down to the recent low.
  
• I H&S pattern is emerging on the daily, if it loses 34 again, 29 is next.
  
• short is still the path of least resistance, but I'd be vigilant if I was too deep. 34 holds and it bases above for a bit, test of VWMA around 40 and the breakout is on the cards.
  
• neat falling wedge makes this a very attractive pattern.
  

25 Feb 2022

Trade aktif

Price action today confirms my view that there was capitulation move below 34...now needs follow through by the way of tightening range and flag formation on daily. short term target still remains 42.