United Health Group Inc.(UNH) Stocks Elliott Wave Technical Analysis

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UNH Elliott Wave Analysis Trading Lounge Daily Chart,

United Health Group Inc., (UNH) Daily Chart

UNH Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minute wave {iii}.

DIRECTION: Upside in Minute {ii}.  

DETAILS: As we seem to have found support on TL5 at 500$, we are looking for upside resumption, which could take us to TL8 in the long term. 

 

 

 

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UNH Elliott Wave Analysis Trading Lounge 4Hr Chart

United Health Group Inc., (UNH) 4Hr Chart

UNH Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (i) of {iii}.

DIRECTION: Wave iii of (i).

DETAILS: Looking for a completion of wave (i) to then pullback in (ii) and eventually looking for additional longs.  

 

 

 

 

The Elliott Wave analysis for UnitedHealth Group Inc. (UNH) provides a technical forecast for its stock behavior on the Daily and 4-hour charts. This detailed analysis aims to guide traders and investors through the expected price movements influenced by UNH’s wave patterns.

 

* UNH Elliott Wave Technical Analysis – Daily Chart*

On the daily chart, UNH is currently in a Minute wave {iii} of its impulsive, motive wave structure, signaling robust upward potential. The stock found support at the $500 mark, along the critical TL5 (Trend Line 5). This support suggests a bullish resumption might be forthcoming, with the potential to reach higher trend line levels like TL8 over the long term.

 

* UNH Elliott Wave Technical Analysis – 4H Chart*

Drilling down to the 4-hour chart, UNH is advancing through Wave (i) of Minute {iii}. The current structure indicates that Wave (i) is nearing completion, and a subsequent pullback in Wave (ii) is expected. This pullback should set the stage for further bullish activity as the stock progresses into Wave iii of (i).

 

Technical Analyst : Alessio Barretta

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Edited May 9 by tradinglounge