Can assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C.
If true, then we should buy Uber between 29.94 and 26.17. This model becomes invalid the longer that price remains under $23.48 if price drops below $23.48.
Take note that if this model is valid, price could only go up from here.
If true, then we should buy Uber between 29.94 and 26.17. This model becomes invalid the longer that price remains under $23.48 if price drops below $23.48.
Take note that if this model is valid, price could only go up from here.
