Daily daily chart with Elliott wave analysis UNH,
United Health Group Inc. Daily Chart (UNH).
UNH Elliott Wave Technical Analysis
Function: Tendency.
Mode: Impulsive.
Structure: Theme.
Position: Little wave 5.
Direction: Plus in wave 3.
Details: You are looking for a wave 4 bottom that will be there or almost done and therefore further upside towards MediumLevel at $650.
United Health Group Inc., (UNH) Chart 1H
UNH Elliott Wave Technical Analysis
Function: Tendency.
Mode: Impulsive.
Structure: Theme.
Position: Minute wave {iii}.
Direction: Riding the wave {iii}.
Details: I am looking for a potential {i}-{ii} ending within wave 5 because I can identify five waves within {i}. We now need verified support up to $600.
This Elliott Wave analysis for United Health Group Inc. (UNH) analyzes both daily and one-hour charts to assess the current market trend, using Elliott Wave theory to predict potential future movements.
META Elliott Wave Technical Analysis – Daily Chart
On the daily chart, United Health Group (UNH) is completing or almost completing wave 4, which suggests that another up move is imminent in minor wave 5. This up move is expected to reach the MediumLevel level of $650. The correction at wave 4 seems to be coming to an end and once it is confirmed, the upward trend towards higher levels can be expected to continue.
META Elliott Wave Technical Analysis – 1 Hour Chart
On the 1-hour chart, UNH appears to have completed its five-wave move in wave {i} of diminutive wave 5. Currently, wave {ii} may be underway and once a solid support level above $600 is established, the stock should resume its upward move towards wave { iii}. Testing this support zone will be key to confirming the next leg higher.
Technical Analyst: Alessio Barretta.
