UBER | Bullish Sequence After ERL Failure

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UBER | Bullish Sequence After ERL FailureUber Technologies, Inc.NYSE:UBERSmellyTazUBER is no longer best read through a bearish lens because the prior downside draw failed to complete. Price attempted to work lower, but instead of delivering from internal liquidity into the lowest external swing, it reversed, broke the swing high tied to that failed raid, and shifted the structure. That break matters because it created a valid bullish sequence. Once C traded above A, the sequence opened a bullish C target and confirmed that price was no longer delivering toward the lower ERL. It had already taken A, which also served as external liquidity, and that changes the draw. From here, the market looks more like ERL has been cleared and price is now working toward bullish internal liquidity above. The BC zone below is the area that matters most on a pullback, because that is where price can rebalance and gather fuel before trying to continue into the open C target. The bullish case weakens if price starts accepting below BC instead of reacting from it. Until then, the sequence favors continuation higher, not because BC is an entry by itself, but because structure, liquidity, and draw are now aligned. Disclaimer: This is not financial advice.