Uber.. Time to ditch this ride ??

Uber (UBER) has given its passengers an almost 60% ride since its late December low.

We have currently traced out a bearish Harmonic Bat pattern.

So It may be time to jump out.

Ideally this would be at a slightly higher level say the $37.50 area, if we return there.

Again... we need general market softness and a downward shift in momentum.

DYODD as always

I will update as needed.

Good Luck.

Harmonic Patterns

כתב ויתור