Thesis
UNH is working through a corrective phase and attempting to transition into a new impulsive structure, with a potential Wave 3 setup forming.
Context
- Daily timeframes
- Deep corrective move completed (ABC structure visible on higher timeframe)
- Price currently trading below the 200-day moving average
- Long-term trend remains intact on the weekly chart
What I see
- Price has stabilized above the recent lows
- A higher low is in place on the daily chart
- Price is approaching the 50-day moving average, acting as near-term resistance
- Structure suggests a basing phase rather than continuation lower
What matters now
- A clean break and hold above the 50-day MA (~$334) would improve short-term structure
- The key confirmation level remains the 200-day MA ($350 area)
- Until that level is reclaimed, both consolidation and continuation scenarios remain valid
Buy / Accumulation zone
- Current consolidation range above recent lows remains the area of interest
- Risk is defined against the recent base
Targets
- First major structural target sits at the 200-Week MA at $460 area
- If reclaimed 200-Day MA, the larger Wave 3 reference aligns with the 1.618 Fibonacci extension near the $540 area
- Dividend yield remains supportive (~2.6%)
Risk / Invalidation
- Loss of the recent higher low would weaken the reversal thesis and I will start the alternative Wave counting
UNH is working through a corrective phase and attempting to transition into a new impulsive structure, with a potential Wave 3 setup forming.
Context
- Daily timeframes
- Deep corrective move completed (ABC structure visible on higher timeframe)
- Price currently trading below the 200-day moving average
- Long-term trend remains intact on the weekly chart
What I see
- Price has stabilized above the recent lows
- A higher low is in place on the daily chart
- Price is approaching the 50-day moving average, acting as near-term resistance
- Structure suggests a basing phase rather than continuation lower
What matters now
- A clean break and hold above the 50-day MA (~$334) would improve short-term structure
- The key confirmation level remains the 200-day MA ($350 area)
- Until that level is reclaimed, both consolidation and continuation scenarios remain valid
Buy / Accumulation zone
- Current consolidation range above recent lows remains the area of interest
- Risk is defined against the recent base
Targets
- First major structural target sits at the 200-Week MA at $460 area
- If reclaimed 200-Day MA, the larger Wave 3 reference aligns with the 1.618 Fibonacci extension near the $540 area
- Dividend yield remains supportive (~2.6%)
Risk / Invalidation
- Loss of the recent higher low would weaken the reversal thesis and I will start the alternative Wave counting
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.