$UBER Performing in a Sym. Triangle - Breakout soon

On the Daily, UBER is performing a textbook symmetrical triangle and is ready for another breakout soon. Weekly levels in purple color gives us the range for starting up a trade position. MACD is giving is bullish divergences too. Measured move is included as I have placed 2 price targets. One for a little long action in between the triangle and another one soon as the price breaks out of the triangle and uses it again as a backtest on the spring/ weekly level again. important: Watch for confirmation!

Performance Rank based on Bulkowski during in a bull market: 16 out of 23

Break even failure rate: 9%

Average rise: 31%

Change after trends end: -31%

Volume trend: Downward

Throwbacks: 37%

Percentage meeting price target: 66%

Thank you!