Will Uber Ends its Correction and Begin a Reversal?

UBER seems to be in the last leg E of the expanding triangle ABCDE of the bigger wave (Y). I expect a bounce from the level 29.25 and we will see if it is the beginning of the impulse wave (3) in the bigger frame or it will continue its correction.

Comment:

We are pretty sure now that the (Y) wave ended at 28.50 as a corrective triangle. I like how Uber closed today forming a bullish "Engulfing Candle".

In the coming days we are looking for how the impulsive wave would behave and confirm our idea.

Trade closed: target reached:

Finally, we hit our target @ 34.46+ and soon I will post an updated count for the new evolved wave.