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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน