Image Source: Unsplash
 

UnitedHealth Group Inc., Elliott Wave Technical Analysis

UnitedHealth Group Inc., (NYSE: UNH): 4h Chart 14 December 2023

UNH Stock Market Analysis: We have been moving as expected, we have been looking for further upside as we identified wave (ii) to be corrective in structure. Looking for further upside into wave {v}.

UNH Elliott Wave Count: Wave (iii) of {v}

UNH Technical Indicators: Above all averages.

UNH Trading Strategy: Looking for longs after a Classic Trading Pattern on $550.  

Analyst: Alessio Barretta

UnitedHealth Group Inc., UNH: 1-hour Chart 14 December 2023

UnitedHealth Group Inc., Elliott Wave Technical Analysis UNH Stock Market Analysis: We are looking at a complex correction into wave (ii) as we are now resuming higher. In order to have upside confirmation we need 550$ to act as tested support and then look for longs from there.  

UNH Elliott Wave count:  Wave (iii) of {v}.

UNH Technical Indicators: Above all averages.

UNH Trading Strategy: Looking for longs after a Classic Trading Pattern on $550.

More By This Author:

Global Stock Markets - Elliott Wave Insights & Strategies
Elliott Wave Technical Analysis: The Coca-Cola Company - Wednesday, Dec. 13
Euro/British Pound Day Chart, Elliott Wave Technical Analysis, Wednesday, December 13