To The Moon

Tape Breakdown & Reversal Zones

$Uber(UBER)$ has faced steady selling pressure heading into early September, pulling back as traders digest broader tech volatility and evaluate long-term capital allocation toward autonomous vehicle (AV) fleet partnerships.

1. The $70.00 – $72.50 Primary Demand Pocket: This multi-month structural floor represents the key accumulation zone where institutional buyers stepped in during prior pullbacks. An intraday liquidity sweep into $71.00–$72.00 followed by a quick reversal wick signals strong buyer absorption.

2. Overhead Resistance ($78.50 – $80.00): Sellers have aggressively defended the $78.50–$80.00 ceiling, which aligns with recent pivot highs and key moving average clusters. Reclaiming $80.00 is required to confirm a full macro trend change.

3. Volume Exhaustion: Daily selling volume on red candles has steadily contracted over the last few sessions compared to August buying spikes. Decreasing sell-side volume points toward profit-taking exhaustion rather than aggressive institutional distribution.

Key Execution Scenarios

• Bullish Reversal (Liquidity Sweep / Long Entry)

  Trigger: An intraday test of $71.00–$72.50 followed by a 15-minute reclaim back above $74.20 on expanding relative volume (RVOL).

  Targets: First target at $78.50, secondary profit target at $82.00–$85.00.

  Stop Loss: Placed below $69.50 (Daily close invalidation).

• Bearish Breakdown (Downside Continuation)

  Trigger: A high-volume daily close below $69.50.

  Downside Target: Retesting major structural support and 52-week lows near $65.50.