UBER: Elliott Wave Rebound Loading toward $100+ Uber Technologies, Inc.BATS:UBERFactozUber Technologies (UBER) is showing a textbook technical bottoming pattern while building a multi-year fundamental moat. Following the massive $14.8B acquisition of Delivery Hero, institutional accumulation remains heavily stacked. The current technical setup on the 4H frame points toward a major Wave (5) expansion taking price well back above $100.00. Technical Snapshot: Elliott Wave Structure Wave (1) & (2) Completion: Price successfully carved out a local swing low near $68–$70, completing Wave (2) consolidation and signaling a clear shift in local market structure. Wave (3) Impulsion: Currently initiating the primary motive wave. A push through the $80.00 resistance band validates the structural acceleration into Wave (3). Wave (5) Macro Target: The completed 5-wave Elliott sequence projects a macro target reaching $100.00+, filling key overhead liquidity levels. Fundamental Catalysts & News Flow The $14.8B Delivery Hero Acquisition: Uber signed a definitive $14.8 billion agreement to acquire Delivery Hero, expanding its mobility and delivery platform across 99 countries. This creates a global network with over $236B in combined pro-forma gross merchandise value, drastically accelerating market share across Europe, Asia, and Latin America. Heavy Institutional Backing: Institutional ownership sits at over 80%, with top long-term asset managers (BlackRock, Vanguard, PIF) continuously accumulating shares. Institutional flows remain net positive as wall street prices in the margin expansion from global delivery consolidation. Free Cash Flow & Scale: Beyond rideshare, Uber’s delivery segment continues to show compounding profitability, positioning the company to benefit from long-term subscription growth via Uber One. Key Technical Levels to Watch Immediate Resistance: $80.00 (Breakout confirmation for Wave 3 continuation). Key Support Zone: $70.00 – $72.00 (Wave 2 invalidation shelf). Macro Target: $100.00+ (Wave 5 structural projection). Bottom Line Between the scale unlock from Delivery Hero, massive institutional support, and a clean Elliott Wave structure, the risk/reward ratio favors the bulls. Watch for volume expansion on a break above $80.00 to confirm the move toward $100+. What’s your take on UBER at these levels—are you riding Wave 3 up to triple digits? Let’s hear your thoughts below! Disclaimer: This post is for informational and educational purposes only to highlight market metrics, technical patterns, and news events. It does not constitute financial advice or a recommendation to buy or sell any security