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UnitedHealth Group Inc., Elliott Wave Technical Analysis

UnitedHealth Group Inc., (NYSE: UNH): 4h Chart 19 December 2023

UNH Stock Market Analysis: The 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.  

Analyst: Alessio Barretta

United Health Group Inc., UNH: 1-hour Chart 19 December 2023

United Health Group Inc., Elliott Wave Technical Analysis UNH Stock Market Analysis: Looking for a continuation lower into wave (v) as volume starts to weaken 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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