Uber has recently pushed higher toward resistance at $101.99 before pulling back noticeably from that level. This move aligns perfectly with our primary scenario, as we continue to expect a broader sell-off into the turquoise Target Zone between $68.29 and $59.15 as part of turquoise wave 4. Within this zone, we anticipate price will reverse and resume its broader upward trend, eventually breaking through the $101.99 resistance. However, if Uber reverses course soon and breaks above the $101.99 mark without setting new lows, we would then expect a new high for turquoise wave alt.3. We currently assign a 35% probability to such a delay in the ongoing upward impulse.
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📊 Daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
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