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United Health Group Inc.(UNH:NYSE) Elliott Wave Technical Analysis 19 December 23


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United Health Group Inc., Elliott Wave Technical Analysis

United Health Group Inc., (UNH:NYSE): 4h Chart 19 December 23

UNH Stock Market Analysis: Previous bullish count was invalidated which is why we are looking for a potential significant top in wave C of (B) and we are now looking for resumption lower.  

UNH Elliott Wave Count: Wave {i} of 1.  

UNH Technical Indicators: Above 200EMA.

UNH Trading Strategy: Looking for shorts after a clear five wave move off the top and a failed supported retest of 520$.  

TradingLounge Analyst: Alessio Barretta

 

 

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United Health Group Inc., UNH: 1-hour Chart 19 December 23

United Health Group Inc., Elliott Wave Technical Analysis UNH Stock Market Analysis: Looking for a continuation lower into wave (v) as volume starts to weakened so we could expect a pullback higher soon.

UNH Elliott Wave count:  Wave (iv) of {i}.

UNH Technical Indicators: Below all averages.

UNH Trading Strategy: Looking for shorts after a clear five wave move off the top and a failed supported retest of 520$.

 

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