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UnitedHealth Group Inc., Elliott Wave Technical Analysis

UnitedHealth Group Inc.,(NYSE: UNH): 4h Chart 15 January 2024

UNH Stock Market Analysis: We have been looking for downside for some weeks now, looking for acceleration lower into wave 3 in order to confirm the count. Before looking for shorts we need to start trading below Major Level 500$ as safety comes first.  

UNH Elliott Wave Count: Wave {iii} of 3.  

UNH Technical Indicators: Below 200EMA

UNH Trading Strategy: Looking for shorts into wave 3.  

Analyst: Alessio Barretta

UnitedHealth Group Inc.,  UNH: 1-hour Chart 15 January 2024

UnitedHealth Group Inc., Elliott Wave Technical Analysis UNH Stock Market Analysis: We are monitoring equality of potential wave 3 vs. 1 as it could turn into an ABC and not 123. Therefore we are looking for potential support off 510$, where we would like to see a break and then retest.  

UNH Elliott Wave count:  Wave {iii} of 3.  

UNH Technical Indicators: Below all averages.

UNH Trading Strategy: Looking for shorts into wave 3.

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